Tax News

TFSA limit rises to $7,000 for 2024, officially

Inflation has increased available contribution room for the TFSA

By Rudy Mezzetta |November 23, 2023

2 min read

Feds propose underused housing tax relief

Changes would mean more owners of residential property are excluded from the UHT filing requirement, and reduced penalties for failing to file

By Rudy Mezzetta |November 21, 2023

2 min read

Feds sweeten tax incentive for employee ownership trusts

The first $10 million in capital gains realized on the sale of a business would be exempted under proposed change

By Mark Burgess |November 21, 2023

1 min read

CRA claws back $458 million in pandemic-era wage subsidies

Most adjustments were related to calculation errors and lack of documentation rather than ineligibility

By Nojoud Al Mallees, The Canadian Press |November 20, 2023

3 min read