Introduction – The Department of Finance Announces Revised Draft Legislation for Anticipated Capital Gains Changes On August 12, 2024, the Department of Finance released revised draft legislation for the implementation of various federal tax measures, including the implementation of the 2024 Federal Budget. The Department of Finance has segregated...
Introduction: The CRA Has an Array of Powers to Enforce Collection of Tax Debt Many taxpayers find themselves in situations where they are overburdened by tax debts on top of other existing obligations with seemingly no way to climb out of the ever increasing tax debt as interest accrues....
Introduction To The CRA SimpleFile Program The Canada Revenue Agency (“CRA”) has launched a new program which allows lower-income and vulnerable Canadians to gain access to valuable tax benefits and tax credits which arise from filing a tax return each year. In order to receive benefit payments such as...