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CRA to collect increased capital gains taxes despite proposed hike not being passed into law

Summary by CTV News
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.

11 Articles

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taxpayer.comtaxpayer.com
Reposted by
TodayvilleTodayville
Lean Right

CRA must not enforce undemocratic capital gains tax hike: Taxpayers Federation

The Canadian Taxpayers Federation is demanding the Canada Revenue Agency to immediately halt enforcement of the proposed capital gains tax hike which has not passed a final vote in Parliament.

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Toronto SunToronto Sun
Right

LILLEY: Taxman takes more of Canadians' capital gains — even though hike not law

Canada Revenue Agency says they will collect capital gains tax changes that Parliament has never voted on.

·Toronto, Canada
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CTV NewsCTV News
Center

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.

·Canada
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CBC NewsCBC News
Lean Left

ANALYSIS | 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?

·Canada
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soscip.orgsoscip.org

Uncertainty Surrounds Capital Gains Tax Changes, But CRA Moves Ahead With New Charges

The recent prorogation of Parliament has left Canadians uncertain about proposed changes to the capital gains tax. These changes, initially introduced by the Liberal government, have sparked intense debate among businesses, economists, and taxpayers alike. Below, we break down what the changes entail, their potential impact, and the current state of affairs. Table of ContentsWhat Are the Proposed Capital Gains Tax Changes?Why Were These Changes …

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canadanewsvideo.comcanadanewsvideo.com

Capital gains tax increase in effect despite prorogation #CDNNews #Canada #WesternCanada #BC

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. Now that Prime Minister Justin Trudeau has announced he is stepping down and has prorogued Parliament until late March, the Liberal legislative agenda has been left to wither in the wind. That includes the motion that would increase the amount of tax Canadians owe when they sell assets and in…

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MoneySense broke the news in on Tuesday, January 7, 2025.
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Similar News Topics

Canada Revenue Agency

Canada Revenue Agency

Taxes

Taxes

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Stock Markets

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Canadian Economy

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