Court Overturns CRA Denial of Bitcoin Loss Writeoff
A Canadian Tax Court judge has ruled a taxpayer can deduct a $505,142 bitcoin loss from her income, overturning a CRA decision. This landmark case involves the defunct QuadrigaCX exchange.
A Canadian Tax Court judge has ruled a taxpayer can deduct a $505,142 bitcoin loss from her income, overturning a CRA decision. This landmark case involves the defunct QuadrigaCX exchange.
The Canada Revenue Agency will no longer mail paper tax packages automatically to Canadians who filed on paper last year. Here's what you need to know and how to get your forms for the 2025 tax season.
Canada's CRA has recovered millions in unpaid crypto taxes, yet no criminal charges have been laid. Experts question the enforcement strategy's effectiveness as a deterrent.
The Canada Revenue Agency warns Canadians about aggressive tax schemes using critical illness insurance. Participants face penalties, fines, and jail time. Learn how to protect yourself.
An Elora resident fell victim to a CRA phishing scam, compromising personal data. Learn the details of the incident and how to protect yourself from similar fraud.
The Secretary of State for the CRA pushes back against the auditor general's report questioning tax data accuracy. Get the latest on this political dispute and its implications.
The Canada Revenue Agency has issued a public alert about aggressive tax avoidance schemes operating in the country. Learn what to watch for and how to protect yourself.
The Canada Revenue Agency has released its projected federal income tax brackets and rates for 2026. See how inflation adjustments will impact your tax bill.
The CRA's confidential tip line has identified nearly $490 million in unpaid federal taxes since 2018, targeting international tax evasion. Discover how the program works.
Canadian citizens living in the UK face complex tax residency decisions. Learn about the Canada-UK tax treaty, implications for investments, and how to determine your fiscal domicile.
The CRA is demanding repayment of COVID benefits from a deceased taxpayer's estate, raising questions about policy fairness. Learn how RRSP values triggered this clawback and what it means for seniors.
A British Columbia couple's elaborate tax avoidance scheme disguised as an 'anti-tax school' has been decisively rejected by the Tax Court of Canada, ordering them to pay hundreds of thousands in back taxes.
Canadians spend billions of hours and dollars navigating our complex tax system. Discover why experts say simplification is the key to fixing the CRA and helping taxpayers.
Canada's Auditor General sounds the alarm on CRA's troubling performance, revealing systemic issues affecting taxpayer services and fairness. Discover the critical findings that every Canadian should know.
Canada Revenue Agency targets ticket resellers with new enforcement measures. Learn how to avoid penalties when selling Blue Jays tickets and other event admissions.
Canada's Auditor General Karen Hogan exposes alarming service failures at CRA call centres, with 53% of callers unable to reach agents. Discover the troubling findings and what this means for Canadian taxpayers.