The corporate tax rate would also go to 18%
Tax experts argue that aggressive transfers could be penalized under the general anti-avoidance rule
An NDP proposal from last year calls for an annual tax of 1% on families with fortunes over $20 million
The 2021 budget proposed new measures and funding to deal with tax evasion
There are three options used to determine how much taxpayers need to pay each quarter
New legislation will adopt a number of measures from the 2019 budget
The tax agency has not provided an extension to the April 30 deadline for 2020 returns
The CRA would issue electronic notices of assessment as the default when returns are filed electronically
Ottawa is facing pressure to do the same
The agency discussed the impact of Covid benefits on tax returns