Expense claims are possible without receipts, but it’s an uphill battle
The prescribed rate on loans to family members remains set at 1%
The party's election platform also contains various tax proposals and targets an "overly aggressive" CRA
Tax experts argue that aggressive transfers could be penalized under the general anti-avoidance rule
The CRA successfully appealed a conditional sentence imposed in 2019
The prescribed rate on loans to family members remains set at 1%
A quirk in the TFSA overcontribution waiver rules could lead to taxes owed on a zero-dollar account
Details of how to request the reimbursement have been released
There are three options used to determine how much taxpayers need to pay each quarter
The tax agency has not provided an extension to the April 30 deadline for 2020 returns