Tax News

CRA announces prescribed rate for Q1 2024

Agency confirms the interest rate Canadians must pay on overdue tax will rise to 10%

By Rudy Mezzetta |November 24, 2023

2 min read

TFSA limit rises to $7,000 for 2024, officially

Inflation has increased available contribution room for the TFSA

By Rudy Mezzetta |November 23, 2023

2 min read

Feds propose underused housing tax relief

Changes would mean more owners of residential property are excluded from the UHT filing requirement, and reduced penalties for failing to file

By Rudy Mezzetta |November 21, 2023

2 min read

Feds sweeten tax incentive for employee ownership trusts

The first $10 million in capital gains realized on the sale of a business would be exempted under proposed change

By Mark Burgess |November 21, 2023

1 min read