CRA – Investment Executive https://uat-phoenix.investmentexecutive.com Canada's news source for financial professionals Fri, 07 Feb 2025 22:17:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://uat-phoenix.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png CRA – Investment Executive https://uat-phoenix.investmentexecutive.com 32 32 Legal challenge to CRA’s administration of capital gains tax changes continues https://uat-phoenix.investmentexecutive.com/news/industry-news/legal-challenge-to-cras-administration-of-capital-gains-tax-changes-continues/ Wed, 05 Feb 2025 22:23:17 +0000 https://www.investmentexecutive.com/?p=501780 Request for judicial review 'is not moot,' lawyer says, despite deferral of increased CGIR

The post Legal challenge to CRA’s administration of capital gains tax changes continues appeared first on Investment Executive.

]]> Claims of home-office expenses increased 41% last tax season https://uat-phoenix.investmentexecutive.com/news/industry-news/claims-of-home-office-expenses-increased-41-last-tax-season/ Mon, 03 Feb 2025 19:55:31 +0000 https://www.investmentexecutive.com/?p=501310 Some employees may have larger deductions using detailed method relative to temporary flat-rate method

The post Claims of home-office expenses increased 41% last tax season appeared first on Investment Executive.

]]> Finance defers increase to capital gains inclusion rate to 2026 https://uat-phoenix.investmentexecutive.com/news/industry-news/finance-defers-increase-to-capital-gains-inclusion-rate-to-2026/ Fri, 31 Jan 2025 17:53:45 +0000 https://www.investmentexecutive.com/?p=501445 Deferral provides certainty to taxpayers, finance minister says

The post Finance defers increase to capital gains inclusion rate to 2026 appeared first on Investment Executive.

]]> CRA interest rate on overdue tax to hold steady in Q2 https://uat-phoenix.investmentexecutive.com/news/industry-news/cra-interest-rate-on-overdue-tax-to-hold-steady-in-q2/ Fri, 31 Jan 2025 16:40:15 +0000 https://www.investmentexecutive.com/?p=501411 Prescribed rate for the second quarter to remain at 4%

The post CRA interest rate on overdue tax to hold steady in Q2 appeared first on Investment Executive.

]]> Form T2200 has 2 changes for 2024 tax-filing season https://uat-phoenix.investmentexecutive.com/news/industry-news/form-t2200-has-2-changes-for-2024-tax-filing-season/ Fri, 24 Jan 2025 20:47:20 +0000 https://www.investmentexecutive.com/?p=500959 Updates related to home office expenses aim for simplicity

The post Form T2200 has 2 changes for 2024 tax-filing season appeared first on Investment Executive.

]]> Tax reminder: Clients with short-term rental income must comply with rules or lose deductions https://uat-phoenix.investmentexecutive.com/news/industry-news/tax-reminder-clients-with-short-term-rental-income-must-comply-with-rules-or-lose-deductions/ Wed, 22 Jan 2025 20:25:11 +0000 https://www.investmentexecutive.com/?p=500729 Non-compliance results in denial of expense deductions, raising taxable income

The post Tax reminder: Clients with short-term rental income must comply with rules or lose deductions appeared first on Investment Executive.

]]> Help clients 65 and older make the most of their tax returns https://uat-phoenix.investmentexecutive.com/news/industry-news/help-clients-65-and-older-make-the-most-of-their-tax-returns/ Tue, 21 Jan 2025 21:16:15 +0000 https://www.investmentexecutive.com/?p=500649 Here's a cheat sheet of helpful credits, benefits, deductions and expenses

The post Help clients 65 and older make the most of their tax returns appeared first on Investment Executive.

]]> Taxpayers forced to bet on capital gains inclusion rate https://uat-phoenix.investmentexecutive.com/news/industry-news/taxpayers-forced-to-bet-on-capital-gains-inclusion-rate/ Fri, 17 Jan 2025 21:23:00 +0000 https://www.investmentexecutive.com/?p=500474 Gambling on potential legislative outcomes undermines confidence in tax system, lawyers say

The post Taxpayers forced to bet on capital gains inclusion rate appeared first on Investment Executive.

]]> Conservatives would axe proposed capital gains tax changes: Poilievre https://uat-phoenix.investmentexecutive.com/news/industry-news/conservatives-would-axe-proposed-capital-gains-tax-changes-poilievre/ Thu, 16 Jan 2025 17:28:39 +0000 https://www.investmentexecutive.com/?p=500338 Policy uncertainty takes toll on taxpayers

The post Conservatives would axe proposed capital gains tax changes: Poilievre appeared first on Investment Executive.

]]> Finance confirms CRA will administer capital gains tax changes https://uat-phoenix.investmentexecutive.com/news/industry-news/finance-confirms-cra-will-administer-capital-gains-tax-changes/ Tue, 07 Jan 2025 15:28:49 +0000 https://www.investmentexecutive.com/?p=499626 Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation

The post Finance confirms CRA will administer capital gains tax changes appeared first on Investment Executive.

]]>