Prescribed rate for the second quarter to remain at 4%
The U.S. is one of the few countries that imposes tax based on citizenship, not residency
Non-compliance results in denial of expense deductions, raising taxable income
However, some businesses have yet to see much impact from the tax break
Why clients must avoid late payment, consider current loan structure
A look at the status of selected tax proposals from the Trudeau government
Agency provides examples of when income-earning purpose is met
If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath
Rebate decision failed to properly consider impacts of the pandemic
Agency confirms the interest rate Canadians must pay on overdue tax will remain 9%