Taxes – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Tue, 30 Apr 2024 19:45:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Taxes – Investment Executive https://www.investmentexecutive.com 32 32 Capital gains tax changes not included in Freeland’s proposed budget legislation https://www.investmentexecutive.com/news/industry-news/capital-gains-tax-changes-not-included-in-freelands-motion-to-introduce-budget-bill/ Tue, 30 Apr 2024 18:52:28 +0000 https://www.investmentexecutive.com/?p=485034 The changes are expected to come in a separate piece of legislation

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]]> Bare trusts still must file an underused housing tax return https://www.investmentexecutive.com/news/industry-news/bare-trusts-still-must-file-an-underused-housing-tax-return/ Fri, 19 Apr 2024 21:00:51 +0000 https://www.investmentexecutive.com/?p=484443 April 30 deadline looms for 2022 and 2023 UHT returns 

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]]> Underused housing tax to generate $694 million: PBO report https://www.investmentexecutive.com/news/industry-news/underused-housing-tax-to-generate-694-million-pbo-report/ Fri, 19 Apr 2024 15:35:58 +0000 https://www.investmentexecutive.com/?p=484380 PBO said the costs to administer the UHT could "significantly reduce" revenue generated

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]]> CRA receives boost from Budget 2024 https://www.investmentexecutive.com/news/industry-news/cra-receives-boost-from-budget-2024/ Tue, 16 Apr 2024 21:11:46 +0000 https://www.investmentexecutive.com/?p=484084 Automatic tax filing pilot to benefit low-income Canadians

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]]> CRA exempts bare trusts from reporting requirements for 2023 https://www.investmentexecutive.com/news/industry-news/cra-exempts-bare-trusts-from-reporting-requirements-for-2023/ Thu, 28 Mar 2024 19:11:09 +0000 https://www.investmentexecutive.com/?p=482934 Filing is required only if directly requested by the Canada Revenue Agency

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]]> CRA announces prescribed rate for Q2 https://www.investmentexecutive.com/news/industry-news/cra-announces-prescribed-rate-for-q2/ Wed, 21 Feb 2024 20:22:57 +0000 https://www.investmentexecutive.com/?p=480848 Agency confirms the interest rate Canadians must pay on overdue tax will remain 10%

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]]> CRA to charge 10% interest on overdue tax through first half of 2024 https://www.investmentexecutive.com/news/industry-news/cra-to-charge-10-interest-on-overdue-tax-through-first-half-of-2024/ Wed, 31 Jan 2024 13:49:22 +0000 https://www.investmentexecutive.com/?p=478883 Prescribed rate for the second quarter of this year to match first quarter rate

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]]> CIRO proposes personal corporations for reps https://www.investmentexecutive.com/news/from-the-regulators/ciro-proposes-personal-corporations-for-reps/ Thu, 25 Jan 2024 21:23:02 +0000 https://www.investmentexecutive.com/?p=479285 SRO consults on options for resolving long-standing regulatory disparity

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]]> CRA has assessed $30M in underused housing tax to date https://www.investmentexecutive.com/news/industry-news/cra-has-assessed-30m-in-underused-housing-tax-to-date/ Wed, 20 Dec 2023 18:05:43 +0000 https://www.investmentexecutive.com/?p=477643 Fewer than 2% of UHT returns have involved tax owing

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]]> CRA extends UHT return filing deadline until April https://www.investmentexecutive.com/news/industry-news/extended-uht-return-filing-deadline-closes/ Tue, 31 Oct 2023 19:54:04 +0000 https://www.investmentexecutive.com/?p=474246 The second extension was announced on Tuesday afternoon

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