capital gains tax, CRA

CRA to collect increased capital gains taxes despite proposed hike not being passed into law
The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law.
Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
Capital gains tax changes should ‘never see the light of day’: C.D. Howe
A new report from the C.D. Howe Institute says the proposed increase in the capital gains tax rate would impact people and companies more broadly than the government estimates and argues it should be scrapped amid political uncertainty.
Finance confirms CRA will administer capital gains tax changes
Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation
What happens to the capital gains tax hike now that Parliament is prorogued?
The fate of the capital gains tax is up in the air after Prime Minister Justin Trudeau's decision to resign and prorogue Parliament.
Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
CRA to continue with capital gains tax changes despite prorogation
The federal government says the Canada Revenue Agency (CRA) will continue to administer the capital gains tax, even though it hasn’t passed in Parliament, which is prorogued until March 24.
What the death of capital gains tax legislation means for B.C. businesses
For companies, the capital gains tax change was that the inclusion rate for capital gains would be 66 per cent starting with the first dollar. Before June 25, companies were only required to pay tax on 50 per cent of each dollar in capital gains.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
Capital Gains Tax Rates for 2024-2025
Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes occured and capital gains.
Prorogation upends capital gains proposal but CRA yet to offer guidance
Justin Trudeau's decision to step down and prorogue Parliament will keep his government from implementing its proposed ...
Ottawa must axe capital gains changes amid uncertainty: Canadian chamber
The Canadian Chamber of Commerce is urging the federal government to axe proposed changes to Canada's capital gains tax rules ...
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Prorogation of Parliament and the Proposed Capital Gains Inclusion Rate Increase
Prime Minister Justin Trudeau announced his resignation as prime minister and the prorogation of Parliament until March 24, ...