income tax – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Fri, 13 Dec 2024 21:17:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png income tax – Investment Executive https://www.investmentexecutive.com 32 32 Crypto tax evasion lands U.S. man in jail https://www.investmentexecutive.com/news/from-the-regulators/crypto-tax-evasion-lands-u-s-man-in-jail/ Fri, 13 Dec 2024 21:17:35 +0000 https://www.investmentexecutive.com/?p=498559 Texas man gets two years for failing to report capital gains on crypto trades

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]]> CRA announces prescribed rate for Q1 2025 https://www.investmentexecutive.com/news/industry-news/cra-announces-prescribed-rate-for-q1-2025/ Mon, 09 Dec 2024 20:35:26 +0000 https://www.investmentexecutive.com/?p=498161 Agency confirms the interest rate Canadians must pay on overdue tax will drop to 8%

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]]> Corps, trusts affected by capital gains tax changes get temporary interest and penalty relief https://www.investmentexecutive.com/news/industry-news/corps-trusts-affected-by-capital-gains-tax-changes-get-temporary-interest-and-penalty-relief/ Wed, 20 Nov 2024 20:39:57 +0000 https://www.investmentexecutive.com/?p=497044 Updated tax forms to be available Jan. 31, CRA says

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]]> CRA interest rate on overdue tax to fall in Q1 https://www.investmentexecutive.com/news/industry-news/cra-interest-rate-on-overdue-tax-to-fall-in-q1/ Thu, 24 Oct 2024 15:47:11 +0000 https://www.investmentexecutive.com/?p=495322 Prescribed rate set to drop as average yield on three-month Treasury Bills moves lower

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]]> What happens to the capital gains tax changes if the government falls? https://www.investmentexecutive.com/news/industry-news/what-happens-to-the-capital-gains-tax-changes-if-the-government-falls/ Thu, 10 Oct 2024 22:06:42 +0000 https://www.investmentexecutive.com/?p=494550 Legislation to implement the hike to the capital gains inclusion rate has yet to be passed

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]]> As election looms, U.S. fiscal outlook set to worsen https://www.investmentexecutive.com/news/research-and-markets/as-election-looms-u-s-fiscal-outlook-set-to-worsen/ Mon, 23 Sep 2024 18:54:55 +0000 https://www.investmentexecutive.com/?p=493290 Federal deficit would suffer under both presidential candidates' fiscal proposals, though more so under Trump's, DBRS projects

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]]> CRA to charge 9% interest on overdue tax through second half of 2024 https://www.investmentexecutive.com/news/industry-news/cra-to-charge-9-interest-on-overdue-tax-through-second-half-of-2024/ Wed, 31 Jul 2024 14:52:50 +0000 https://www.investmentexecutive.com/?p=490249 Prescribed rate for fourth quarter to match third-quarter rate

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]]> Challenges planning for revised AMT given proposed CGIR increase https://www.investmentexecutive.com/news/industry-news/challenges-planning-for-revised-amt-given-proposed-cgir-increase/ Tue, 30 Jul 2024 16:54:20 +0000 https://www.investmentexecutive.com/?p=490194 Clients with significant capital gains in 2024 face uncertain tax exposure

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]]> Canadians’ gloomy outlook could stall economic growth, promote paralysis https://www.investmentexecutive.com/news/research-and-markets/canadians-gloomy-outlook-could-stall-economic-growth-promote-paralysis/ Thu, 25 Jul 2024 21:38:33 +0000 https://www.investmentexecutive.com/?p=489988 Scotia report offers reality check, calls for positive vision

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]]> Taxpayers’ Ombud to examine CRA’s bare trust administration https://www.investmentexecutive.com/news/industry-news/taxpayers-ombud-to-examine-cras-bare-trust-administration/ Wed, 10 Jul 2024 20:48:40 +0000 https://www.investmentexecutive.com/?p=489138 Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption

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