Tax Season
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CRA expands automatic tax filing for 2025 season. Who is eligible?More than two million Canadians will be able to file their taxes automatically using a phone or digital option this year, the Canada Revenue Agency said.CanadaJan 31
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Ottawa pushes back proposed capital gains tax changes to 2026Finance Minister Dominic LeBlanc says the Liberals will not implement a planned hike to the capital gains inclusion rate until Jan. 1, 2026, pushing back the original date.MoneyJan 31
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Here are some changes to be aware of ahead of tax seasonTax season is quickly approaching and there are a few changes to be aware of before filing your taxes for the April 30 deadline.EconomyJan 21
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CRA simplifies sign-in process before 2025 tax seasonAs the 2025 tax season approaches, the Canada Revenue Agency has refreshed its website to make it easier for Canadians to sign in to their online accounts.CanadaJan 16
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CRA no longer requiring tax return for bare trusts this yearThe CRA says it’s making the change after the new reporting rules around bare trusts had an “unintended impact on Canadians.”MoneyMar 28, 2024
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Did you open an FHSA last year? Why your tax refund might be delayedSome Canadians who opened a first home savings account (FHSA) in 2023 have reported delays getting their tax returns processed by the Canada Revenue Agency.MoneyMar 20, 2024
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Did you co-sign your kid’s mortgage? There are new tax reporting rules to knowBare trust reporting is a new requirement by the CRA this year, but most Canadians are likely unaware of its existence — or penalties.MoneyMar 16, 2024
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Payroll taxes have gone up. What to know if your paycheque is feeling pinchedNearly all Canadian workers will have to pay a bigger sum of federal income-based taxes this year. Here's what to do if you are feeling the pinch.MoneyMar 1, 2024
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Income taxes can now be filed. What you should know'Don't panic,' an expert said about filing income tax. 'If you really are lost, maybe consult a professional tax advisor that can walk you through the process.'MoneyFeb 20, 2024
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Here are the tax changes that will affect your pocketbook in 2024While inflation has eaten away at Canadians' pocketbooks in recent years, the resulting changes to how marginal tax rates and other benefits are indexed might be a boon for filers.MoneyJan 2, 2024
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