The additional guidance reduces the risk of purchasing a non-compliant annuity
The agency will not charge penalties and interest if payments are made by the new deadline
The decrease creates new opportunities for tax planning
In most cases the additional costs — and headaches — aren’t worth it
A taxpayer was told he owed $4.1 million in taxes
After being slowed down by Covid-19, auditors are now resuming their full workload
T2 and T3 filers now have until Sept. 1
The CRA is targeting the “hidden economy” in the construction industry
The lower rate creates opportunities for income splitting
The updates apply to the FATCA and CRS information-sharing agreements