Tax News

Claims of home-office expenses increased 41% last tax season Claims of home-office expenses increased 41% last tax season

Tax News

Claims of home-office expenses increased 41% last tax season

Some employees may have larger deductions using detailed method relative to temporary flat-rate method

By Michelle Schriver |February 3, 2025

3 min read

Legal challenges to capital gains tax changes aim to restore certainty to taxpayers Legal challenges to capital gains tax changes aim to restore certainty to taxpayers

Tax News

Legal challenges to capital gains tax changes aim to restore certainty to taxpayers

CRA is “trying to have it both ways,” legal counsel says

By Michelle Schriver |January 29, 2025

5 min read

In-kind securities not part of extended deadline for charitable donations In-kind securities not part of extended deadline for charitable donations

Tax News

In-kind securities not part of extended deadline for charitable donations

Finance releases draft legislation, adds to tax-filing uncertainty

By Michelle Schriver |January 23, 2025

3 min read

Tax reminder: Clients with short-term rental income must comply with rules or lose deductions Tax reminder: Clients with short-term rental income must comply with rules or lose deductions

Tax News

Tax reminder: Clients with short-term rental income must comply with rules or lose deductions

Non-compliance results in denial of expense deductions, raising taxable income

By Michelle Schriver |January 22, 2025

2 min read