CRA extends tax filing relief to corporations and trusts
T2 and T3 filers now have until Sept. 1
Latest news in Tax News
How small businesses without employees get shut out of benefits
More support is needed to cope with the pandemic
- By: Jim Witty
- May 7, 2020 May 12, 2020
- 14:50
Long-term care and the principal residence exemption
Can your client claim the PRE after moving to assisted living?
- By: Wilmot George
- May 5, 2020 May 12, 2020
- 15:00
A perfect storm is brewing for non-compliant U.S. taxpayers abroad
Subtle changes mean clients may want to act soon
- By: Max Reed
- May 4, 2020 May 12, 2020
- 14:23
Prescribed rate scheduled to drop for Q3
The lower rate creates opportunities for income splitting
- By: Jamie Golombek
- May 1, 2020 May 12, 2020
- 11:54
IRS provides tax relief for snowbirds stranded in the U.S.
New guidance helps people stuck south of the border due to travel disruptions
- By: Rudy Mezzetta
- April 29, 2020 April 29, 2020
- 09:31
Canada lags in fund regulation, taxation: Morningstar
Canada scored "below average" in a new report
- By: James Langton
- April 27, 2020 April 27, 2020
- 14:56
Advisor calls on feds to lower RDSP minimum withdrawals
The government says the pandemic may disproportionately affect those with disabilities
- By: Rudy Mezzetta
- April 20, 2020 April 20, 2020
- 12:31
Sidestepping superficial loss rules
The process of selling losing investments is fairly straightforward
- By: Frank Di Pietro
- April 16, 2020 April 16, 2020
- 11:00
Tax treatment of federal Covid-19 measures
RRIFs, CERB and working from home have tax implications
- By: Curtis Davis
- April 14, 2020 April 15, 2020
- 13:37
C.D. Howe Institute calls for temporary relief on RRSP withdrawals
A suspension would provide liquidity to those who need it during the crisis, the think tank says
- By: Maddie Johnson
- April 13, 2020 April 13, 2020
- 11:50
Updated: U.S. taxpayer clients can ask for more time to file with the IRS
The extension request must be filed by July 15
- By: Rudy Mezzetta
- April 6, 2020 April 13, 2020
- 09:26
Tax experts offer advice for business owners
From raising cash to applying for federal support, here's what your clients need to know
- By: Michelle Schriver
- April 2, 2020 April 8, 2020
- 16:05
Part-time advisor’s business income doesn’t justify ‘staggering’ expenses
A Tax Court case shows what can happen to unsupported claims
- By: Jamie Golombek
- March 27, 2020 April 13, 2020
- 09:30
CRA suspends new debt collection to prevent financial hardship
Pre-existing situations will be assessed case by case
- By: James Langton
- March 20, 2020 March 20, 2020
- 14:43
Helping clients access new federal money
Here's a breakdown of the benefit programs and help for small businesses
- By: Jordan Press, The Canadian Press
- March 19, 2020 March 23, 2020
- 14:44
Liberals ease minimum RRIF withdrawals as part of pandemic response
Finance Minister Bill Morneau said the minimum withdrawal rate will be 25% lower for 2020
- By: Greg Dalgetty
- March 18, 2020 March 18, 2020
- 16:11
Liberals pledge up to $82 billion in spending, deferred taxes
The unprecedented package includes a beefed-up Canada Child Benefit, GST tax credits, a wage subsidy and emergency EI benefits
- By: The Canadian Press
- March 18, 2020 March 23, 2020
- 13:35
Speculation or hedge? Supreme Court rules on derivative case
The ruling has implications for tax treatment
- By: James Langton
- March 13, 2020 March 13, 2020
- 15:55
Tax tips for seniors
The CRA details the benefits, credits and expenses that your senior client may be eligible for
- By: Staff
- March 11, 2020 March 11, 2020
- 12:42
Tax preparer prepares for jail
The former CRA employee was sentenced to more than 4 years for tax fraud
- By: Staff
- February 28, 2020 February 28, 2020
- 14:49
CRA criticized for service delays
Taxpayers’ Ombudsman issues 15 recommendations for improving the agency's performance
- By: Greg Dalgetty
- February 21, 2020 February 21, 2020
- 13:30
Help clients calculate RRSP limits
Breaking down pension adjustments and other challenges
- By: Curtis Davis
- February 20, 2020 February 24, 2020
- 11:03
Tax tips for students
The CRA provides a handy list of potential tax benefits and credits
- By: Staff
- February 12, 2020 February 12, 2020
- 13:39
Tax preparer gets jail time for fraud
Clients' tax returns were filed with phoney charitable tax credits, business losses
- By: Staff
- February 10, 2020 February 10, 2020
- 12:55