Employees to begin processing outstanding files
Fix could take a matter of day, agency warns
Ontario man fined $8,000, CRA reports
Changes to tax declarations resulted in higher refunds
Agency currently auditing many gifting arrangements
Quebec man failed to report $498,000 of income
Investors purchased high-yield, offshore investments using allegedly tax free cash or proceeds from withdrawals of retirement funds
The Canada Revenue Agency is raising its “prescribed interest rates” for the first time since the fall of 2003. The rate used to calculate low-interest spousal loans will rise to 4% from 3% in the next quarter, starting on April 1.Spousal loans –- a common income-splitting technique –- can provide significant tax savings. While arranging […]
Tax shelter number no guarantee that taxpayers will receive proposed benefits
Revenue Minister announces the creation of 11 centres of expertise