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Renting to friends or family? Here’s how to avoid hot water with the CRA
The tax court ruled that leasing property to a relative may not meet the criteria for a rental enterprise, potentially affecting allowable deductions and tax obligations under Cana...
Read Full Article →CRA’s persistent call-centre delays raise staffing concerns
Extended wait times in the tax agency’s call centers have led to decreased customer satisfaction, potentially impacting the efficiency of tax processing and resulting in increased...
Read Full Article →Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger
VERT’s implementation of blockchain technology on the XRP Ledger to digitize agribusiness credit represents a notable advancement with potential to enhance transparency and liquidi...
Read Full Article →Court decisions highlight potential risks of using the CRA’s voluntary disclosures program
Recent court rulings emphasize that while the CRA’s voluntary disclosures program offers protection from prosecution for reporting previously unreported information, participants m...
Read Full Article →CRA’s online chat service becomes new source of complaints for Canadians struggling with wait times...
The limited number of trained personnel for the CRA’s new online chat service may impact its efficiency, potentially leading to increased costs associated with handling unresolved...
Read Full Article →For the love of God, can someone please help CRA fix its website?
The challenges faced by the agency’s online platform hinder taxpayers from efficiently managing their financial obligations and tracking their fiscal status, potentially impacting...
Read Full Article →Canadians still can’t access information about TFSA accounts in latest CRA website glitch
The ongoing website issue has prevented Canadians from viewing their Tax-Free Savings Account details, potentially delaying financial planning and account management for many users...
Read Full Article →You’ve been flagged for a CRA audit. Here’s what happens next
Being selected for an audit by the tax authority can lead to financial scrutiny, potential adjustments to your tax obligations, and the importance of managing stress to navigate th...
Read Full Article →Business owners unprepared for CRA’s switch to default online mail at risk of missing tax info
Companies unaware of the Canada Revenue Agency’s transition to primarily digital communication might fail to access important tax documents, potentially leading to unexpected charg...
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