Relief of penalties and interest may also be available to affected people and businesses
Bill C-42 would bring public access to private corporations’ beneficial ownership info
Expanded reporting regime is intended to help the CRA fight aggressive tax planning
The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter
Canadians’ unused TFSA contribution room exceeded the market value of their plans at almost all income levels
Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor
Advisors will need to consider whether to report transactions even if they're not required to
Government said records were being sought to verify that merchants were obeying tax acts
Financial advisors may need to report more things to the Canada Revenue Agency
Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules