income tax | Investment Executive https://www.investmentexecutive.com/tag/income-tax/ Canada's news source for financial professionals Thu, 20 Nov 2025 12:59:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png income tax | Investment Executive https://www.investmentexecutive.com/tag/income-tax/ 32 32 Liberal tax promise tracker: Post–Budget 2025 edition https://www.investmentexecutive.com/news/liberal-tax-promise-tracker-post-budget-2025-edition/ Wed, 19 Nov 2025 15:46:12 +0000 https://www.investmentexecutive.com/?p=525616 Here's the status of major tax proposals for individuals and businesses

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]]> Top-up tax credit helps taxpayers with significant tax credits amid middle-class tax cut https://www.investmentexecutive.com/news/top-up-tax-credit-helps-taxpayers-with-significant-tax-credits-amid-middle-class-tax-cut/ Tue, 04 Nov 2025 21:27:43 +0000 https://www.investmentexecutive.com/?p=524533 In “very rare cases,” the decrease in value of credits could exceed tax savings from one-percentage-point cut to lowest bracket

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]]> CRA interest rate on overdue tax to hold steady in Q1 2026 https://www.investmentexecutive.com/news/cra-interest-rate-on-overdue-tax-to-hold-steady-in-q1-2026/ Fri, 31 Oct 2025 20:16:17 +0000 https://www.investmentexecutive.com/?p=524275 Prescribed rate to remain at 3% for third consecutive quarter

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]]> Top tax takes for ‘litmus test budget’ https://www.investmentexecutive.com/news/top-tax-takes-for-litmus-test-budget/ Mon, 20 Oct 2025 15:40:01 +0000 https://www.investmentexecutive.com/?p=523011 Housing and business competitiveness will likely be top priorities

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]]> CRA says bare trusts won’t have to file for 2025 unless legislation is ‘enacted well in advance’ of tax-filing deadline https://www.investmentexecutive.com/news/cra-says-bare-trusts-wont-have-to-file-for-2025-unless-legislation-is-enacted-well-in-advance-of-tax-filing-deadline/ Fri, 17 Oct 2025 20:15:33 +0000 https://www.investmentexecutive.com/?p=522926 Legislative changes aren't yet in a notice of ways and means motion

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]]> Expect further processing delays for incorrectly assessed T1s claiming LCGE https://www.investmentexecutive.com/news/industry-news/expect-further-processing-delays-for-incorrectly-assessed-t1s-claiming-lcge/ Fri, 26 Sep 2025 15:42:51 +0000 https://www.investmentexecutive.com/?p=521306 CRA provides updated timeline for reassessments

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]]> Incorrectly assessed T1s claiming LCGE will take months to address https://www.investmentexecutive.com/uncategorized/incorrectly-assessed-t1s-claiming-lcge-will-take-months-to-address/ Fri, 19 Sep 2025 19:55:52 +0000 https://www.investmentexecutive.com/?p=520740 Mortgage-seeking client was affected by outstanding — although incorrect — CRA liability

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]]> U.S. tax evader gets jail time https://www.investmentexecutive.com/news/from-the-regulators/u-s-tax-evader-gets-jail-time/ Mon, 28 Jul 2025 20:06:56 +0000 https://www.investmentexecutive.com/?p=516220 Family hid more than US$90M in income and assets in offshore accounts

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]]> Complaints about CRA call centres persist https://www.investmentexecutive.com/news/industry-news/complaints-about-cra-call-centres-persist/ Mon, 23 Jun 2025 09:20:00 +0000 https://www.investmentexecutive.com/?p=513268 Number of service complaints was flat year over year, Taxpayers' Ombudsperson report says

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]]> CRA identifies second issue resulting in incorrectly assessed T1s claiming LCGE https://www.investmentexecutive.com/news/industry-news/cra-identifies-second-issue-resulting-in-incorrectly-assessed-t1s-claiming-lcge/ Mon, 09 Jun 2025 20:31:56 +0000 https://www.investmentexecutive.com/?p=512138 The agency will proactively reassess affected returns

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