Tax News

CRA extends relief for bare trust returns CRA extends relief for bare trust returns

Tax News

CRA extends relief for bare trust returns

Agency says it won’t apply gross negligence penalties for non-filing of 2023 bare trust returns except in “egregious cases”

By Rudy Mezzetta |March 13, 2024

5 min read

CRA updates guidance on underused housing tax CRA updates guidance on underused housing tax

Tax News

CRA updates guidance on underused housing tax

The update comes even though proposed changes to the UHT remain unenacted

By Rudy Mezzetta |March 12, 2024

3 min read

IRS cracks down on wealthy ‘non-filers’ IRS cracks down on wealthy ‘non-filers’

Tax News

IRS cracks down on wealthy ‘non-filers’

Move is the latest in a series of campaigns aimed at high-wealth individuals

By Fatima Hussein, The Associated Press |March 1, 2024

2 min read

Nova Scotia indexes its tax brackets Nova Scotia indexes its tax brackets

Tax News

Nova Scotia indexes its tax brackets

Provincial budget states the move will save taxpayers $160 million a year by 2028

By Michael Tutton, The Canadian Press and more |March 1, 2024

4 min read