Company: Canada Revenue Agency

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Life in time of COVID-19: Mature woman working on computer from home at the stand up desk. She has long grey hair and dressed in casual black outfit. Interior of living room set up with home office station, next to window.

The CRA is no longer offering the flat-rate method to claim employment expenses for 2023

Fewer than 2% of UHT returns have involved tax owing

CRA signage

Agency confirms the interest rate Canadians must pay on overdue tax will rise to 10%

Most adjustments were related to calculation errors and lack of documentation rather than ineligibility

Exterior of CRA headquarters building

Tax advisors still on shaky ground as five sets of transactions are confirmed

Tax reduction and deduction for businesses and individuals. Concept with hand turning knob to low taxation rate. Return form, exemptions, incentives.

The prescribed rate is set to rise in Q1 2024

The Federation of Law Societies of Canada argued that the new regime violates the Charter of Rights and Freedoms

Exterior of CRA headquarters building

The 90-day deadline for the first mandatory disclosures under the new law is Sept. 20

Long-running venture took in millions from investors, police allege

Exterior of CRA headquarters building

The CRA said in July that it had let 20 employees go as a result of its CERB investigation