Ottawa was up to its usual business of getting nothing done. Lots of critiques against bill C-8, and why it wouldn’t work. Probably run by
CRA Audits Decrease (Again)
No surprises here: A National Post article, using info from expert Mark Blumberg, details that CRA audits have dropped from 800-ish in 2010-2015, down to
CRA Comments On Beneficial Ownership Rules For Trusts
CRA finally released some late guidance regarding their proposed trust reporting rules related to beneficial ownership. Short version is that this isn’t anything required for
CRA’s Updates Work From Home Numbers
CRA released new work from home expense numbers for the 2021 and 2022 tax years. Deductions include: Flat rate method is continued for 2021 and
Canadian Tax Podcast 028 is up
Find it here. Canadian Tax Podcast 028: Rental Suites, US LLC, Capital Gains.
CRA site down
CRA’s website down due to the Log4Shell error. Canada Revenue Agency shuts down online services over global ‘security vulnerability’