The Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2024 tax …
You can claim this refundable income tax credit if you meet all of the following conditions: You rented and occupied a rental unit for at least six months in a calendar year …
Property flipping Starting January 1, 2023, any gain from the disposition of a housing unit (including a rental property) located in Canada, or a right to acquire a housing unit located …
This article was posted on the CPA website by Ashley Kim on November 21, 2023. Before Bill C-208 came into effect on June 29, 2021, owners of a small business …
The CRA has expanded the Home Buyer Amount tax credit from $5,000 to $10,000. What does this mean in real dollars? The result of a $10,000 credit is a tax …
