Tax News

Bare trusts: Is your client prepared for increased tax filings? Bare trusts: Is your client prepared for increased tax filings?

Tax News

Bare trusts: Is your client prepared for increased tax filings?

Failure to comply with new tax rules could result in penalties

By Catherine Hung |July 31, 2023

5 min read

CRA releases revised form for mandatory tax disclosures CRA releases revised form for mandatory tax disclosures

Tax News

CRA releases revised form for mandatory tax disclosures

Expanded reporting regime is intended to help the CRA fight aggressive tax planning

By Rudy Mezzetta |July 27, 2023

2 min read

Prescribed rate to stay at 5% in Q4 Prescribed rate to stay at 5% in Q4

Tax News

Prescribed rate to stay at 5% in Q4

The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter

By Rudy Mezzetta |July 25, 2023

2 min read

Canadians still underusing TFSAs Canadians still underusing TFSAs

Tax News

Canadians still underusing TFSAs

Accountholders' unused TFSA contribution room exceeded the market value of their plans at almost all income levels

By Rudy Mezzetta |July 20, 2023

2 min read