Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the disruption of the Canada Post strike. The draft legislation confirms that the ...

If you’re not sure how much room you have, log into your CRA My ... pay income tax when you withdraw the funds in your retirement years, when you’ll likely be in a lower tax bracket.

The federal carbon tax was introduced in 2019 and has increased ever since. Originally, it was to be returned to the people ...

On Jan. 1, the CRA began charging 8% interest on overdue taxes, down from 9% in the second half of 2024. The CRA charges interest, compounded daily, on overdue taxes. It may also impose penalties — ...

The federal government has deferred its planned increase to the capital gains inclusion rate, pushing the implementation date ...

You might be making these costly mistakes without even realizing it. 👀 ...

The brackets help determine how much money you need to pay the Canada Revenue Agency (CRA ... goes up in the next tax bracket, your entire income is not taxed at the new rate, only the difference.

If you reside in British Columbia, New Brunswick ... let’s say you decide to day trade in your TFSA. The CRA may consider this business use and tax all of your capital gains at your marginal ...

Tax season in Canada is almost here, and if you're not careful, there are some simple mistakes that could end up costing you ...

The executive orders (EOs) and policy memoranda President Donald Trump issued thus far advance his goal of making America ...

Before that, he collected $35.7 million from the New York Islanders over nine ... a re-assessment of his 2018 Canadian tax return. The CRA says that Tavares should pay his regular income tax ...

Asset managers that produce mutual funds and exchange-traded funds will have to file trust returns and issue tax slips ... with the new capital gains rules by Jan. 31. The CRA already issued ...