Category Archives: CBC News

Are 2020’s tax changes ‘significant’ or ‘a wash’?

When Finance Minister Bill Morneau introduced a motion earlier this month to keep the Liberals’ election pledge to cut income taxes for the middle class, he called the measure “significant” and said it would impact 20 million Canadians. But most Canadians would have to study their pay stubs very closely after Jan. 1 to detect that tax cut and other changes … Continue reading Are 2020’s tax changes ‘significant’ or ‘a wash’?

CRA deploys new weapons against tax evasion: Freezing assets, seizing property

The Canada Revenue Agency is using a new tool in its battle against tax evasion — one that experts say could radically change the way it pursues tax cheats. For the first time, the agency has used proceeds-of-crime provisions in the law to freeze the assets of individuals charged with tax evasion.Up to now, those … Continue reading CRA deploys new weapons against tax evasion: Freezing assets, seizing property