After rising for four consecutive quarters, interest rate charged on overdue tax to stand steady
The agreement includes wage increases plus a pensionable one-time lump sum payment of $2,500
The DTC is a valuable credit for Canadians with disabilities and the key to other support programs
The CRA says tax returns filed digitally will largely be processed automatically ``without delay"
The agency said all paper returns “will be stockpiled for future processing"
A Tax Court case led to a hefty tax bill
Rate to rise for the fourth consecutive quarter
In another measure aimed at vulnerable Canadians, the CRA will pilot automatic tax filing in 2024
Affected owners have until Oct. 31 to file or pay before incurring interest and penalties
The increase represents the fourth consecutive quarter that the rate has climbed