FHSA holders may trigger tax when they overcontribute or hold non-qualified investments
The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance
Prescribed rate to dip as inflation eases
April 30 deadline looms for 2022 and 2023 UHT returns
PBO said the costs to administer the UHT could "significantly reduce" revenue generated
Individuals can claim 80% of donation tax credit, up from previously proposed 50%
Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts
Ottawa said it is targeting tax fraud in the housing sector
Expanded HBP, combined with FHSA, could help first-time buyers build down payment faster
Agency has spent more administering the UHT than it has assessed so far