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.
A path forward on capital gains – and the taxation of housing – for the next prime minister
Let us move on to some bold changes that will address two of this country’s biggest economic and personal finance challenges: economic productivity and unaffordable housing
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?
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
Canadian authorities "will collect billions in capital gains taxes, with no legislation authorizing it, until a government officially tells it to stop. This means that it could be a long time before any clarity is provided to taxpayers," said Dan Kelly, president of the Canadian Federation of Independent Business.
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
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.
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.
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.
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Canada's income tax thresholds have increased — here's how much you'll pay this year
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Prorogation has further muddled the capital-gains tax hike. Ottawa must pause it
The federal government’s economic agenda has been mired in uncertainty after Justin Trudeau’s announcement Monday that he ...