Tax News

Feds boost home buyers’ plan withdrawal limit to $60,000 Feds boost home buyers’ plan withdrawal limit to $60,000

Tax News

Feds boost home buyers’ plan withdrawal limit to $60,000

Expanded HBP, combined with FHSA, could help first-time buyers build down payment faster

By Rudy Mezzetta |April 11, 2024

2 min read

CRA’s focus on real estate audits paying off CRA’s focus on real estate audits paying off

Tax News

CRA’s focus on real estate audits paying off

Agency assessed $2.7 billion in additional tax and penalties from 2015 to 2023

By Michael McKiernan |April 8, 2024

3 min read

Manitoba to claw back basic personal amount above $200K Manitoba to claw back basic personal amount above $200K

Tax News

Manitoba to claw back basic personal amount above $200K

Province also extends gas tax cut by three months, doubles the fertility tax credit and changes property taxes

By Steve Lambert, The Canadian Press  and  Staff |April 2, 2024

2 min read

UHT not meant to generate extra tax revenue, CRA says UHT not meant to generate extra tax revenue, CRA says

Tax News

UHT not meant to generate extra tax revenue, CRA says

Agency has spent more administering the UHT than it has assessed so far 

By Rudy Mezzetta |March 29, 2024

5 min read