income tax – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Mon, 13 Jan 2025 20:33:40 +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 Deadline nears to repay 2024 interest on prescribed-rate loans https://www.investmentexecutive.com/news/industry-news/deadline-nears-to-repay-2024-interest-on-prescribed-rate-loans/ Mon, 13 Jan 2025 20:33:40 +0000 https://www.investmentexecutive.com/?p=500097 Why clients must avoid late payment, consider current loan structure

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]]> Finance confirms CRA will administer capital gains tax changes https://www.investmentexecutive.com/news/industry-news/finance-confirms-cra-will-administer-capital-gains-tax-changes/ Tue, 07 Jan 2025 15:28:49 +0000 https://www.investmentexecutive.com/?p=499626 Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation

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]]> Finance raises auto deduction rates, maintains zero-emission ceiling https://www.investmentexecutive.com/news/industry-news/finance-raises-auto-deduction-rates-maintains-zero-emission-ceiling/ Mon, 30 Dec 2024 21:56:34 +0000 https://www.investmentexecutive.com/?p=499344 Deduction limits have increased in recent years in response to inflation

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]]> 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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