Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
CRA to collect increased capital gains taxes despite proposed hike not being passed into law
The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law.
Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
How prorogation will impact capital gains tax changes in Canada
The Canada Revenue Agency has yet to offer guidance on how the Liberals’ capital gains tax proposal will be handled.
Finance confirms CRA will administer capital gains tax changes
Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
Canada to Apply Capital Gains Change Despite Government Halt
Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.
CRA to continue with capital tax changes despite prorogation: Finance Department
The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven't passed in Parliament, which is prorogued until March 24.
Canada's income tax thresholds have increased — here's how much you'll pay this year
Canadians' federal income tax bracket has changed slightly this year, according to the Canada Revenue Agency (CRA).
Feds push back in John Risley's multimillion-dollar tax battle
The federal government has filed in court a 100-page reply to John Risley’s latest tax appeal, arguing in detail why the ...
8% Yield and More! Here’s Another Passive-Income Stock to Stash in a TFSA
It is time to stash in passive income inventory in your new TFSA contribution room for 2025. This stock can give you an 8% ...
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Christian charity in B.C. used as 'vehicle' for directors' private gain, CRA alleges
The Canada Revenue Agency has revoked the charitable status of a prominent Vancouver-area pastor’s Christian charities after ...
Canada Child Benefit will increase this year — here's how much you can expect
Canadian parents can expect an increase in their Canada Child Benefit payments in 2025, though it won't be as sizeable as the ...
Uncertainty around capital-gains tax clouds fiscal outlook for Ottawa, provinces
If the tax changes never become law, the CRA will likely need to refund affected taxpayers, resulting in lower federal and ...
Gig platforms like Uber and DoorDash must now report driver income to Revenue Canada
At least one financial planner says the new tax rules create fairness among Canadians and opens the door for gig workers to ...
Here's how much money Canadians can get in GST/HST payments today
In order to receive the GST/HST credit, Canadians simply have to file their taxes, even if they do not have any income to ...