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In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans

income tax owing

A Tax Court case offers a warning about missing corporate returns

Hard working craftsman working with planer in a workshop for woodwork. Handsome man with tattoo and beard.

For the best tax treatment, distinguish between current and capital expenses

Canadian parliament in Ottawa

Bill C-19 gives people who purchased luxury vehicles in 2021 a break

Ontario Queen's Park Legislative Building

Eligible seniors would receive up to $1,000 more annually

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‘CRA took my teeth, my rent, my food,’ says Winnipeg residential school survivor

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Profits on sale of residential property held for less than 12 months would be taxed as business income

Canadian parliament in Ottawa

The measure would target those among the top 0.5% not paying their "fair share" of taxes

Parliament Hill building closeup in Ottawa, Canada

Here’s the status of proposals that matter to your clients

illustration of magnifying glass and tax forms

Ottawa’s getting ready for an increase in tax debts that will require extra effort to collect