CRA

If you own “ specified foreign property ” where the total cost at any time in the year is more than $100,000, you’re required to complete Form T1135 , Foreign…

Moving can be very expensive, but, fortunately, the net out-of-pocket costs can be significantly reduced if you’re eligible to claim a tax deduction for your moving expenses on your personal…

Building a good tax system is not easy. The Scottish economist Adam Smith, in his 1776 book The Wealth of Nations, said a good tax system should have the following…

Finance Minister François-Philippe Champagne on Sept. 2 released a statement on his X account acknowledging concerns about the Canada Revenue Agency ’s (CRA) service standards, saying the “service delays and…

Following a spike in complaints, call centre delays and staffing cuts, the federal finance minister has directed the Canada Revenue Agency (CRA) to implement a 100-day plan to resolve “unacceptable”…

If you rent out your home, be it your principal residence or a secondary home, on an accommodation sharing platform such as Airbnb Inc. or Expedia Group’s Vrbo, you are…

Q. I am 45 years old and earning $100,000 and $120,000, both on salary, from two jobs in Canada. Both my employers are deducting 35 per cent for taxes. Even…

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Can the cost of luxury clothing,…

The number of Canada Revenue Agency (CRA) audits on taxpayers has increased over the years. There’s nothing wrong with that since it has an important job to do to administer…

The Canadian government has been introducing tax policy by press release for far too long. Sometimes it’s inevitable in order to restore fairness to the system or to curb perceived…