Federal Court dismisses FATCA charter challenge
The judge said the affected people have only a limited expectation of privacy in their banking information
Latest news in Tax News
CRA updates tax folios, provides guidance on caregiver credits
One document addresses the tax on split income
- By: Rudy Mezzetta
- July 5, 2019 July 5, 2019
- 16:55
BMO Nesbitt Burns cites feds’ proposed tax changes as it closes funds
New rules would prevent funds from using derivative transactions to convert ordinary income into capital gains
- By: Mark Burgess
- June 28, 2019 June 28, 2019
- 14:44
CRA announces prescribed interest rates for third quarter
The rate increased for corporate taxpayers’ pertinent loans or indebtedness
- By: Staff
- June 27, 2019 June 27, 2019
- 15:04
New Democrats pledge higher taxes on capital gains, corporations and the wealthy
A C.D. Howe report says a "wealth tax" may not be the best way to tackle inequality
- By: Mark Burgess
- June 20, 2019 June 20, 2019
- 11:31
Corporate tax gap could be costing more than $11B
The gap is the biggest in a CRA series of studies
- By: Staff
- June 18, 2019 June 18, 2019
- 13:19
Morneau to move ahead with stock option limit
The rules will not apply to options granted by Canadian-controlled private corporations
- By: Mark Burgess
- June 18, 2019 June 18, 2019
- 12:32
Federal panel calls for ‘super’ tax credit for green investments
The report says regulatory changes are needed to combine environmental goals and economic growth
- By: Staff, with files from The Canadian Press
- June 14, 2019 June 14, 2019
- 12:57
Tax issues when Canadians have U.S. executors
Tips to avoid cross-border complications
- By: Max Reed
- June 13, 2019 June 13, 2019
- 16:00
CRA talks TOSI at STEP Canada roundtable
The agency also warned about anti-avoidance rules
- By: Michelle Schriver
- June 10, 2019 June 10, 2019
- 13:53
Harvest to close ETF
The banks and buildings ETF will delist July 31
- By: Staff
- May 29, 2019 May 29, 2019
- 10:59
Advisory committee says disability tax credit should be refundable
The program doesn't currently offer enough help to those too poor to pay income tax, a report says
- By: Rudy Mezzetta
- May 24, 2019 May 24, 2019
- 16:49
Tax case illustrates government’s motivation in IPP change
New rules in the 2019 federal budget crack down on commuted value transfers
- By: Jamie Golombek
- May 24, 2019 June 11, 2019
- 09:00
The federal budget’s other homebuyers’ plan proposal
Why the measure affecting divorced clients could have a broad impact
- By: Curtis Davis
- May 17, 2019 May 17, 2019
- 14:00
Stock option changes, other budget measures unlikely to proceed before election
A number of financial proposals aren’t included in the Liberals’ implementation bill
- By: Mark Burgess
- May 14, 2019 May 14, 2019
- 09:27
Registered plan fee guidance forthcoming from CRA, but timing unclear
It's status quo for advisors while the Department of Finance completes a tax policy review
- By: Melissa Shin
- May 7, 2019 May 7, 2019
- 15:59
Feds missed $169 million in tax from foreign digital marketplace
The CRA should expand its compliance activities, the auditor general said
- By: Staff
- May 7, 2019 May 7, 2019
- 15:36
Feds highlight indexation of Canada Child Benefit
In July, the maximum benefit will increase up to $143 per child for 2019-2020
- By: Staff
- May 6, 2019 May 6, 2019
- 15:03
Changes coming to U.S. immigrant investor program
Investors seeking a visa through the EB-5 program will face new restrictions
- By: David A. Altro and Samantha Wu
- May 3, 2019 May 2, 2019
- 14:30
CRA updates RRSP, TFSA advantages folio
The agency made revisions based on comments received from the tax community
- By: Melissa Shin
- April 26, 2019 April 26, 2019
- 14:30
Ontario man fined more than $115K for fraudulent child tax benefit claims
The CRA says the benefits were claimed for children who didn’t exist or never entered Canada
- By: Staff
- April 11, 2019 April 11, 2019
- 14:47
Budget 2019 could mean more tax payable for fundholders
Department of Finance expects to gain $350 million by 2024 from proposals
- By: Melissa Shin
- April 2, 2019 April 2, 2019
- 09:00
Federal NDP would raise capital gains tax to 75%
The $3 billion raised would go toward pharmacare, childcare and housing
- By: The Canadian Press
- March 29, 2019 March 29, 2019
- 15:16
CRA publishes Q2 prescribed interest rates
The rate decreased for corporate taxpayers' pertinent loans or indebtedness
- By: Staff
- March 29, 2019 March 29, 2019
- 10:26
Put deferral loss in perspective for Ontario business owners
Find out how loss of the small business deduction could affect your client
- By: Michelle Schriver
- March 25, 2019 April 2, 2019
- 16:14