When a taxpayer cannot meet tax payment deadlines or fulfill other obligations set by the Canada Revenue Agency due to personal misfortune or uncontrollable circumstances, penalties and interest are typically imposed by the CRA.
The Lifetime Capital Gains Exemption ("LCGE") allows every eligible individual to claim a deduction to their taxable income for capital gains realized on the disposition...
The Canada Revenue Agency (CRA) conducted tax reassessments for the tax years 2014, 2015, and 2016, expressing doubts about the reported amounts in taxpayer Mr. Burke's tax returns.
If you're the owner of a private business that has grown in value over the years, much of your personal and family wealth is likely to be tied up in your company. At some point, you may want to access that wealth...
GST/HST fraud is a significant problem in Canada. It is estimated that the Canada Revenue Agency (CRA) loses billions of dollars each year because of fraudulent GST/HST refund claims and other fraudulent activities related to GST/HST.
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