Filing returns in the 2021 tax season could be more “taxing” than the previous ones because the computation of taxable income for 2020 is a bit complicated. The Canada Revenue Agency (CRA) dished out ...

Many Canadian businesses remain challenged and are struggling to survive in 2021. One particular group that needs saving is the bearer of COVID-19 updates and other noteworthy news. The Canada Revenue ...

The CRA has provided updated guidance on how people who worked from home last year due to the pandemic can claim up to $500 of home office expenses under its simplified flat-rate method for 2021 and ...

The Canada Revenue Agency (CRA) has released forms to allow tax-free first home savings account (FHSA) holders to transfer assets from their accounts to their RRSP, RRIF or to another FHSA. While the ...

The Canada Revenue Agency (CRA) has released the form with which trustees must begin reporting beneficial ownership information under the expanded reporting regime for trusts. A completed Schedule 15, ...

The Canada Revenue Agency will extend filing relief this tax season to forms and elections included with individual tax returns for those reporting a capital disposition. However, the agency hasn’t ...