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
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 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 released new work from home expense numbers for the 2021 and 2022 tax years. Deductions include: Flat rate method is continued for 2021 and
CRA’s website down due to the Log4Shell error. Canada Revenue Agency shuts down online services over global ‘security vulnerability’
Canadian Tax Podcast 012 here. I talk about PSB’s, W-8BEN-E form, and dual citizen (US/CAN) filings. Find it here.
The 2021 Federal budget was released yesterday (April 19th), for the first time in over two years. Here are some highlights: Personal Measures The