The CRA has announced a bunch of changes that could impact your 2024 tax return

The CRA has announced a bunch of changes that could impact your 2024 tax return

Tax season is just around the corner, and whether you're a seasoned pro or the thought of filing your income taxes makes you break out in a cold sweat, it's time to start planning for your 2024 tax return. The Canada Revenue Agency (CRA) has rolled out a bunch of updates and new initiatives for the 2024 tax year that you'll want to know before filing your return this year. Plus, Narcity spoke with Gerry Vittoratos, the national tax specialist at…

Form T2200 has 2 changes for 2024 tax-filing season

Updates related to home office expenses aim for simplicity The post Form T2200 has 2 changes for 2024 tax-filing season appeared first on Investment Executive.

The CRA has announced changes that could impact your 2024 federal tax return in Quebec

Tax season is just around the corner, and whether you're a seasoned pro or the thought of filing your income taxes makes you break out in a cold sweat, it's time to start planning for your 2024 tax return.The Canada Revenue Agency (CRA) has rolled out a bunch of updates and new initiatives for the 2024 tax year that you'll want to know before filing your federal tax return this year. Plus, we spoke with Gerry Vittoratos, the national tax special…

Annual filing deadline for provisional taxpayers and trusts is 20 January – Accountant Log

Understanding the 2024 Tax Year The 2024 tax year, which spans from 1 March 2023 to 29 February 2024, is a critical period for taxpayers to file their annual income tax returns. This year’s tax year is significant because it marks the first year of provisional taxation for many taxpayers, including trusts and individual taxpayers who have opted for provisional taxation. Key Dates to Remember Monday, 20 January 2025: Deadline for filing annual in…

Extension of charitable tax deadline not in jeopardy: CRA

The federal government has released draft legislation amending Canada’s Income Tax Act and provided additional information on a promised extension of last year’s charitable tax deadline—a move intended to buoy charitable donations following a month-long Canada Post Strike. Finance Minister Dominic LeBlanc announced plans to extend 2024’s charitable tax deadline to Feb. 28, 2025, last