The CRA mileage rate is the highest per business kilometer rate at which you can reimburse your employees while still being able to receive a tax deduction. Employers typically stick to this prescribed rate for practical reasons, as it allows them to compensate their employees fairly wh...
the court’s role is not to substitute its decision for that of the CRA, but to determine whether the agency’s decision was “reasonable” considering the facts and evidence.
The Honeymoon Is over for Canadian Couples: CRA Expected to Announce Prescribed Interest Rate IncreaseKorenblum, Henry
However, please note that each individual's tax situation is unique and dependent on a variety of factors. Before proceeding with any tax planning, a tax professional should always beconsulted. For further information, please contact your Scotiabank representative or wealthadvisor.Kevin Tran...