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Exterior of CRA headquarters building

CRA announces prescribed rate for Q4

Agency confirms the interest rate Canadians must pay on overdue tax will remain 9%

CRA signage

CRA to charge 9% interest on overdue tax through second half of 2024

Prescribed rate for fourth quarter to match third-quarter rate

Tax reduction and deduction for businesses and individuals. Concept with hand turning knob to low taxation rate. Return form, exemptions, incentives.

Challenges planning for revised AMT given proposed CGIR increase

Clients with significant capital gains in 2024 face uncertain tax exposure

Another reminder to help clients understand their TFSA room

Taxpayer penalized for overcontribution after relying on My Account information

Exterior of CRA headquarters building

Taxpayers’ Ombud to examine CRA’s bare trust administration

Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption

Labour’s landslide faces fiscal reality check: NBF

New U.K. regime will be caught between policy promises and financial markets

Tax reduction and deduction for businesses and individuals. Concept with hand turning knob to low taxation rate. Return form, exemptions, incentives.

Considering capital gains post–June 25

Advisors should speak to clients annually about crystallization

U.S. Supreme Court upholds a tax on foreign income

Justices left in place provision of 2017 tax law expected to generate $340 billion, mainly from foreign subsidiaries of domestic corporations

housing costs

Some FHSA holders made qualifying withdrawals in account’s first year

Total account assets hit $2.8 billion in 2023, based on CRA data

T4 statement

Extra $9B in benefits could be paid through automatic tax filing: PBO

The estimate from the Parliamentary Budget Officer spans five fiscal years