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Parliament Hill building closeup in Ottawa, Canada

The corporate tax rate would also go to 18%

illustration of magnifying glass and tax forms

Tax experts argue that aggressive transfers could be penalized under the general anti-avoidance rule

Wooden cubes tax with canadian dollar

An NDP proposal from last year calls for an annual tax of 1% on families with fortunes over $20 million

tax owing

The 2021 budget proposed new measures and funding to deal with tax evasion

debt

There are three options used to determine how much taxpayers need to pay each quarter

Parliament Hill building closeup in Ottawa, Canada

New legislation will adopt a number of measures from the 2019 budget

  • By: Staff
  • May 4, 2021 May 4, 2021
  • 16:47
illustration of magnifying glass and tax forms

The tax agency has not provided an extension to the April 30 deadline for 2020 returns

income tax owing

The CRA would issue electronic notices of assessment as the default when returns are filed electronically

Wooden cubes tax with canadian dollar

Ottawa is facing pressure to do the same

Canadian tax form

The agency discussed the impact of Covid benefits on tax returns

  • By: Staff
  • April 7, 2021 April 7, 2021
  • 14:28