Income taxes | Investment Executive https://www.investmentexecutive.com/tag/income-taxes/ Canada's news source for financial professionals Wed, 03 Dec 2025 20:39:13 +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 taxes | Investment Executive https://www.investmentexecutive.com/tag/income-taxes/ 32 32 CRA asked to speed up T1 adjustments for people with disabilities https://www.investmentexecutive.com/news/cra-asked-to-speed-up-t1-adjustments-for-people-with-disabilities/ Wed, 03 Dec 2025 20:39:13 +0000 https://www.investmentexecutive.com/?p=526931 Processing times can take up to 50 weeks: Taxpayers' Ombudsperson

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]]> U.K.’s unpopular Labour government tries to fight back with a tax-raising budget https://www.investmentexecutive.com/news/u-k-s-unpopular-labour-government-tries-to-fight-back-with-a-tax-raising-budget/ Wed, 26 Nov 2025 16:08:50 +0000 https://www.investmentexecutive.com/?p=526371 The government was elected in a landslide victory in July 2024 on a promise not to raise taxes on income for working people

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]]> CRA reports progress as call centre improvement plan hits 50-day mark https://www.investmentexecutive.com/news/cra-reports-progress-as-call-centre-improvement-plan-hits-50-day-mark/ Fri, 17 Oct 2025 13:19:16 +0000 https://www.investmentexecutive.com/?p=522881 Centres now answering 77% of incoming calls, addressing backlogs

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]]> CRA updates timeline to address incorrectly assessed T1s claiming LCGE https://www.investmentexecutive.com/news/industry-news/cra-updates-timeline-to-address-incorrectly-assessed-t1s-claiming-lcge/ Tue, 29 Jul 2025 20:22:29 +0000 https://www.investmentexecutive.com/?p=516339 Agency tells CPA Canada it will begin reassessing affected returns "shortly"

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]]> Reducing lowest federal income tax rate to 14% to cost $28B over 5 years https://www.investmentexecutive.com/news/industry-news/reducing-lowest-federal-income-tax-rate-to-14-to-cost-28b-over-5-years/ Wed, 18 Jun 2025 17:59:06 +0000 https://www.investmentexecutive.com/?p=512873 Tax cut takes effect in July, with biggest savings going to higher earners

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]]> Liberals planning for a fall economic statement but no budget just yet https://www.investmentexecutive.com/news/industry-news/liberals-planning-for-a-fall-economic-statement-but-no-budget-just-yet/ Wed, 14 May 2025 20:22:53 +0000 https://www.investmentexecutive.com/?p=509842 Proposed cut to lowest federal tax bracket won't be adjusted to preserve value of tax credits

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]]> Liberals’ plan for revenue from tax penalties called into question https://www.investmentexecutive.com/news/industry-news/liberals-plan-for-revenue-from-tax-penalties-called-into-question/ Mon, 28 Apr 2025 18:33:02 +0000 https://www.investmentexecutive.com/?p=508210 Projected fiscal impact may be overstated, likely targets may miss the mark

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]]> Tax preparers tapped out as tax slips remain missing in CRA portals https://www.investmentexecutive.com/news/industry-news/tax-preparers-tapped-out-as-tax-slips-remain-missing-in-cra-portals/ Fri, 25 Apr 2025 19:23:13 +0000 https://www.investmentexecutive.com/?p=508079 Tax season comes with increased workload, greater costs for clients, risk of errors

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]]> Weighing election promises and their impact on Canadians’ finances https://www.investmentexecutive.com/news/industry-news/weighing-election-promises-and-their-impact-on-canadians-finances/ Fri, 25 Apr 2025 17:59:03 +0000 https://www.investmentexecutive.com/?p=508091 Party pitches range from tax cuts and incentivizing investment in Canada to more social supports

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]]> Election outcome aside, Canada’s deficit to grow https://www.investmentexecutive.com/news/research-and-markets/election-outcome-aside-canadas-deficit-to-grow/ Wed, 09 Apr 2025 17:29:13 +0000 https://www.investmentexecutive.com/?p=506650 Tory tax pledges likely to lead to deeper deficit, DBRS says

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