Canada Revenue Agencyhas announcedthat taxpayers with taxable income of $75,000 or less, who received eligible benefits, will not be charged interest on 2020 amounts owing until April 30, 2022. Late filing penalties still apply for returns that aren't filed by their due dates. ...
March 22, 2024:The Canada Revenue Agency releases updated Information Circular 94-4R2, International Transfer Pricing: Advance Pricing Arrangements (APAs) January 23, 2024:RSU taxation in Canada: Clarifications from the Canada Revenue Agency 2023 November 22, 2023:2023 Fall Economic Statement Tax High...
One carrier was recently heard to say these demurrage and detention charges made up about 20% of their gross revenue in 2020. The government jurisdictions which own the ports are in a similar position. Because many other forms of revenue are way down, they need/want these storage charges as...
This study constructs a dataset of 607 Canadian GINGOs based on the Canada Revenue Agency T3010 forms and organisation websites to answer three broad questions of GINGOs: Who are they? What is their programmatic foci? Where do they operate? The results offer a rich portrayal of GINGOs and ...
A tax return is a form or forms through which annual income, and any tax deductions and credits, is reported to the Canadian Revenue Agency. Siddhi BagweSandra MacGregor Quick Answers to 10 Common Tax Questions Have you ever wondered what inheritance tax is? Or whether your moving expenses...
(which has been relabelled as enjoining "self-contradiction.").124 A considerable weight of authority indicates the principle of good faith must be grounded in a source of obligation, such as the general principle of estoppel.125 While good faith forms part of general international law,126 it ...
The Canada Revenue Agency (CRA) Canadian Retirement Income Calculator can help you estimate what to expect during your retirement. You can then decide how much additional money you need to save to supplement your future income. It factors in income streams, such as the Canada Pension Plan and ...
Thus, while the spending initiatives in the federal budget are appropriate, they should have been offset through greater revenue mobilization. The increase in the capital gains inclusion rate improves the tax system… Consideration could be given to other changes—such as an increase in the GST rat...
A 2020 cyberattack that targeted the Canada Revenue Agency and other government services, including fraudulent claims for Canada Emergency Response Benefit (CERB) and alterations to direct deposit information for 12,700 accounts, led to a lawsuit against the CRA and the Government of Canada. ...
The Canada Revenue Agency provides detailedguidanceon how to determine the location of the customer, taking into account various indicators. There are also special rules for distribution platform operators and digital accommodation platforms. The definition of “distribution platform operator...