Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
With Parliament prorogued, what happens to the capital gains tax changes and charitable donations extension?
When the Prime Minister asked for Parliament to be prorogued earlier this week, he effectively killed a lot of legislation. That is according to Provencher Member of Parliament Ted Falk, who says many bills are now dead in the water.
Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
Capital gains tax changes should ‘never see the light of day’: C.D. Howe
A new report from the C.D. Howe Institute says the proposed increase in the capital gains tax rate would impact people and companies more broadly than the government estimates and argues it should be scrapped amid political uncertainty.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
CRA to continue with capital tax changes despite prorogation: Finance Department
The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven't passed in Parliament, which is prorogued until March 24.
Tax incentives Canadian homeowners should take advantage of in 2025
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Embattled Lower Mainland developer facing new headaches over debt-ridden projects
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Canada Workers Benefit goes out Friday. How much will you get?
Some eligible working Canadians are set to receive advanced payments of workers benefits from the federal government on Friday. Here's what to know.
Canada's income tax thresholds have increased — here's how much you'll pay this year
Canadians' federal income tax bracket has changed slightly this year, according to the Canada Revenue Agency (CRA).
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Former Maple Leafs join John Tavares in legal battle over disputed tax issue
Former Maple Leafs Patrick Marleau and Jake Muzzin have joined John Tavares in his legal battle against the Canada Revenue ...
Ottawa must axe capital gains changes amid uncertainty: Canadian chamber
The Canadian Chamber of Commerce is urging the federal government to axe proposed changes to Canada's capital gains tax rules amid uncertainty for filers in the coming tax season.
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Economic opportunities for a post-Trudeau Canada
Amidst the political turmoil, the Canadian economy is in need of structural adjustments that go well beyond U.S. relations, ...
Developer accused of misappropriating funds, as 2 more condo projects placed into receivership
A lawyer for a mortgage company accused the embattled developers of three debt-ridden Lower Mainland condo projects Friday of ...