Taxpayer penalized for overcontribution after relying on My Account information
Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption
New U.K. regime will be caught between policy promises and financial markets
Advisors should speak to clients annually about crystallization
Justices left in place provision of 2017 tax law expected to generate $340 billion, mainly from foreign subsidiaries of domestic corporations
Total account assets hit $2.8 billion in 2023, based on CRA data
The estimate from the Parliamentary Budget Officer spans five fiscal years
Optional returns may reduce or eliminate your client’s taxes
Agency confirms the interest rate Canadians must pay on overdue tax will drop to 9%
The government says that even if a bill has not yet passed, the change will take effect on June 25