The 2025 tax season is well underway, but the Canada Revenue Agency doesn’t want Canadians who earned capital gains last year to file their returns – just yet.. The CRA said in a news release ...

The Canadian government has been introducing tax policy by press release for far too long. Sometimes it’s inevitable in order ...

Businesses would face the same inclusion rate, but the new tax would apply to all capital gains (not just gains above ...

A possible mismatch in tax filing deadlines because of the administration of capital gains and losses this tax season may complicate returns for some couples. The Canada Revenue Agency (CRA) is ...

For example, mutual fund trusts and exchange-traded funds reporting a 2024 capital disposition have been given until May 1 to file 2024 T3 returns and T3 tax slips without incurring late-filing ...

A legal challenge to the Canada Revenue Agency’s (CRA) administration of the proposed capital gains tax changes continues even though the Finance Department has deferred the proposed hike in the ...

The Liberals tabled in September a notice of a ways and means motion that introduced a bill meant to raise the portion of capital gains on which companies pay tax to two-thirds from one-half. The ...

If you advise your clients to follow the CRA’s policy, they may end up having to amend their tax returns and seek refunds if the capital gains proposals permanently die. If you advise them to not ...

In September, a second NWMM was tabled in the house, containing revised draft legislation. The house never voted to adopt it. Despite this, in November the CRA announced that while the capital gains ...

Put simply, capital gains tax is the levy that you pay on that gain to the Canada Revenue Agency (CRA). You add a percentage of your capital gain to your income for the year, and the amount you ...

The 2025 tax season is well underway, but the Canada Revenue Agency doesn’t want Canadians who earned capital gains last year ...

Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway. When Parliament was prorogued, ... Canada's capital gains tax increase comes into effect on June 25.