Tax season is about to kick off in Canada. Canadians can start filing their taxes online with the Canada Revenue Agency (CRA) ...
If you’re thinking of giving to charity this year, a securities donation might be the most tax-effective way to do so, ...
Online tax filing officially begins Monday, and taxpayers may have questions about the timing of some tax slips or be ...
Anemic economic growth. Stagnant wages. Lagging business investment. What’s the Liberal government’s answer to all of this?
Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the ...
The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the capital gains inclusion rate for gains realized on or after June 25, 2024, of ...
The extension comes after the government deferred the effective date of the capital gains inclusion rate hike to Jan. 1, 2026 ...
A tax increase that’s unlikely to ever become law has nonetheless earned the Canadian government billions of dollars in ...
The over 130,000 Canadian farmers and ranchers represented by the Canadian Canola Growers Association, Canadian Cattle ...
Capital gains and losses are taxed differently from income like wages, interest, rents, or royalties, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).
Finance Minister Nirmala Sitharaman made minor tweaks to the capital gains tax system in Budget 2025, following a major overhaul in the July 2024 Budget. The tax rates and holding periods for ...
Mark Carney will scrap a proposed increase to Canada’s capital gains tax and introduce a tax cut for the middle class if he wins the Liberal Party leadership race and becomes prime minister ...