Administrative savings will be used to strengthen tax compliance
In “very rare cases,” the decrease in value of credits could exceed tax savings from one-percentage-point cut to lowest bracket
CIRO is waiting for CRA’s feedback to move ahead, while CRA says the matter falls outside its scope
Housing and business competitiveness will likely be top priorities
Total TFSA contribution room to rise to $109K for eligible taxpayers
Federal government net debt reaches nearly $1 trillion at the end of Q2
The number of account holders who overcontributed quadrupled in past decade
Move follows 100-day timeline to fix delays
Taxpayers who receive compliance notification will be eligible for partial relief
Pre-budget submissions focus on tax policy, business growth