Legislation will make it easier for mutual fund companies to forward distribution statements to investors on time
Regulatory efficiency and tax competitiveness vital to Canada’s prosperity
The Canada Revenue Agency has issued a list of frequently asked questions about pension income splitting.It notes that, beginning with 2007 income tax returns, Canadian residents will generally be able to allocate up to one-half of their income that qualifies for the existing pension income tax credit to their spouse (or common-law partner) for income […]
Canadians who invest their savings in income trusts and limited partnerships will be able to file tax returns earlier
GST rate is relatively low
EFILE and NETFILE use up 5.2% from 2006
More than 2.5 million taxpayers have yet to Netfile their returns
CRA working to clear backlog
Employees to begin processing outstanding files
Fix could take a matter of day, agency warns