The Canada Revenue Agency (CRA) has released forms to allow tax-free first home savings account (FHSA) holders to transfer assets from their accounts to their RRSP, RRIF or to another FHSA. While the ...

Taxpayers who receive notification from the CRA about a potential non-compliance issue could now be eligible for the ...

The Canada Revenue Agency published three new forms on Thursday related to the tax-free first home savings account (FHSA). Two of the forms relate to the death of the account holder: RC722 – Transfer ...

Under the VDP, the CRA grants relief from prosecution – and, potentially, penalties and full or partial interest – to ...

The Canada Revenue Agency (CRA) has released the form with which trustees must begin reporting beneficial ownership information under the expanded reporting regime for trusts. A completed Schedule 15, ...

Taxpayers may get penalized for not reporting beneficial ownership information for a trust because they assume the Canada Revenue Agency (CRA) already has the information from a prior year. The issue ...