Taxes
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CRA’s bare trust filing change had costly consequences: ‘A lot of angry people’The CRA announced last week that it is no longer requiring bare trusts to file a tax return this year, but it's left some taxpayers and accountants fronting the cost.MoneyApr 7
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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
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New schools, no tax increases and running a deficit: Highlights from the 2024-25 Sask. budgetThe 2024-25 Saskatchewan budget was released with a focus on "classrooms, care and communities."PoliticsMar 20
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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
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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
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Make taxes simple with these 5 top software picksIf you choose to file your own taxes this year, there are lots of easy-to-use software options available.The CuratorFeb 16
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Flair Airlines faces seizure order as carrier owes feds $67M in unpaid taxesFlair CEO Stephen Jones says the Edmonton-based company has a deal with the Canada Revenue Agency to pay the taxes, and that it is "current with that plan."CanadaJan 29
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Budgets loom for eastern Ontario municipalitiesSome eastern Ontario municipalities are tackling budget hikes for vital services and infrastructure, with some facing a tax increase of up to 17.8 per cent.CanadaJan 10
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Toronto unveils proposed 10.5% tax hike in city budget for 2024City of Toronto's budget chief announced the 2024 budget unveiled Wednesday includes a 9% property tax increase and a 1.5% increase in the city building levy.PoliticsJan 10
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Manitoba government to double taxes on vaping products as early as next yearManitoba premier Wab Kinew stated that the tax increase aims to discourage the use of vaping products, especially among young people.CanadaDec 26, 2023
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