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Canadian flag and chart

Budget raises small business tax threshold by $100,000, lowers the corporate income tax rate

Canada U.S.

Pause on 25% blanket tariffs on Canadian goods to be lifted Wednesday; details on auto tariffs still fuzzy

CRA signage

Report outlines CRA communication failures that resulted in wasted time, effort, from taxpayers

parliament hill

The changes are still causing 'confusion' during this tax season: Golombek

CRA signage

CRA continues to 'assess its financial position,' committed to 'high-quality service': spokesperson

Businessman holding tablet with graphs

Restaurants Canada is calling for the relief to be extended or made permanent

receiving taxes owed

Restaurants added jobs, but 53% still operating at a loss or breaking even

Bond board

Prescribed rate for the second quarter to remain at 4%

The U.S. is one of the few countries that imposes tax based on citizenship, not residency

Apartment building

Non-compliance results in denial of expense deductions, raising taxable income