Capital gains tax, CRA

Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
CRA to collect increased capital gains taxes despite proposed hike not being passed into law
The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law.
Finance confirms CRA will administer capital gains tax changes
Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
Capital Gains Tax Rates for 2024-2025
Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes occured and capital gains.
Already a TFSA Millionaire? Watch Out for These CRA Traps
TFSA millionaires are mindful of CRA traps to avoid paying unnecessary taxes and penalties. The post Already a TFSA ...
American Banker1d
CFPB rules, M&A standards most likely CRA repeal targets
While most of the Biden administration's prudential banking regulations can't be overturned under the Congressional Review ...
The Vancouver Sun3d
Christian charity in B.C. used as 'vehicle' for directors' private gain, CRA alleges
The Canada Revenue Agency has revoked the charitable status of a prominent Vancouver-area pastor’s Christian charities after ...
wealthprofessional.ca3d
CRA waives nearly $2.5 billion in penalties for tax on vacant and underused homes
The Canada Revenue Agency (CRA) has waived nearly $2.5bn in interest and penalties tied to Ottawa’s tax on vacant and ...
CRA advisory board passes on Railroad Square purchase, but there may be hope on horizon
Some saw the vote as a move toward losing the arts district. But tenants, artists and advocates see an opportunity.
CRA appeals former Blue Jays' court win in multi-million-dollar tax battle
In an appeal filed with the Federal Court of Appeal Tuesday, the CRA’s lawyers say Justice Jean-Marc Gagnon made numerous ...
CRA Newsflash: Tax Brackets Just Rose by 2.7%!
New tax increases might seem scary, but you can offset these by simply making smart investments! The post CRA Newsflash: Tax ...
CRA staff recommends not buying Railroad Square, leaving arts district's future unclear
The staff of the city's Community Redevelopment Agency is recommending that the CRA say 'no' to buying any of the property at ...