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Wooden box lined with hay from the chicken eggs

The additional guidance reduces the risk of purchasing a non-compliant annuity

  • By: Lea Koiv
  • August 4, 2020 July 31, 2020
  • 06:00
Calculator paper tape rolled up

The agency will not charge penalties and interest if payments are made by the new deadline

Wooden cubes tax with canadian dollar

The decrease creates new opportunities for tax planning

world-clocks

In most cases the additional costs — and headaches — aren’t worth it

stressed man

A taxpayer was told he owed $4.1 million in taxes

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After being slowed down by Covid-19, auditors are now resuming their full workload

calculating numbers for income tax return with glasses pen and calculator

T2 and T3 filers now have until Sept. 1

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The CRA is targeting the “hidden economy” in the construction industry

people and finance concept - customer with pen and paper writing application at bank office

The lower rate creates opportunities for income splitting

Corruption illegal criminal activity tax evasion economy ponzi scheme concept. Closeup man hand hiding tax card in a sleeve of a suit isolated on gray wall background

The updates apply to the FATCA and CRS information-sharing agreements