Enhancing Tax Literacy for Teachers and Parents – Join the Movement https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/teachers-parents-join-movement-enhance-tax-literacy.html What the CRA Said On September 5, 2024, the Canada Revenue Agency (CRA) launched a new initiative to promote tax literacy among students, teachers, and parents. Tax literacy…
Canada Growth Fund’s Fourth Investment Announcement Deputy Prime Minister welcomes the Canada Growth Fund’s fourth investment On June 11, 2024, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the Canada Growth Fund’s fourth investment, marking its…
Overview of the Capital Gains Inclusion Rate Increase Motion Brace yourself, taxpayers: the capital gains tax is about to change dramatically. On June 10, 2024, the federal government introduced a Notice of Ways and Means Motion to the House of…
In a recent video, Prime Minister Justin Trudeau announced a significant increase in capital gains taxes, touting it as a move that targets only the wealthiest Canadians and promises to generate $20 billion in new revenue. But is this really…
Canada’s economic plan is helping Canadians save for a first home and building more co-op homes, faster 2023-12-05 06:12 Roundup: Canada’s economic plan is delivering for Canadians from coast to coast to coast 2023-12-01 15:00 Deputy Prime Minister highlights…
Trois-Rivières Resident Sentenced for Massive Tax Fraud Involving Fictitious Children In a startling revelation of tax fraud, the Canada Revenue Agency (CRA) has announced the sentencing of Wayne Kendall Jr. from Trois-Rivières, Quebec. On October 20, 2023, at the Trois-Rivières…
The recent proposal by the federal government targeting short-term rental owners is raising significant concerns, especially among family-owned enterprises that have relied on this market to supplement their retirement income. As a CPA and Tax Law expert, I find this…
As a CPA and Tax Law expert, I've been closely monitoring the recent decision by the Calgary City Council to approve a 7.8% tax hike for 2024. While shifting a greater portion of the tax burden from businesses to residential…