Andy Gill

November 22, 2024

The new 2025 CRA numbers: tax brackets, CPP, RRSP and TFSA limits, and more

Inflation adjustment factor   Each year, most income tax and benefit amounts are indexed to inflation. The CRA announced that the inflation rate that will be used to […]
November 22, 2024

Canada’s tax system needs a Big Bang and soon

Compared to other Organization for Economic Co-operation and Development countries, Canada relies more on personal taxation revenues, which generally account for about 50 per cent of overall government revenues — […]
October 27, 2024

Opinion | Taxpayers who sell or who have sold Airbnb units are now on notice: The CRA is watching

The market for Airbnb houses and condos is likely to take a significant hit in the wake of a ruling earlier this year by the Tax […]
October 27, 2024

Priest on the hook for $5.7K after CRA rejects donation receipts from his church

With his appeal to CRA denied, Father Stephen Amesse of St. Patrick Basilica is heading to tax court.   The rector of Ottawa’s St. Patrick Basilica […]
October 16, 2024

Another tax on properties isn’t the answer to Canada’s housing woes

Kim Moody: The rationale of a new tax on vacant land is so simplistic, it’s laughable. What is a great solution to many of our country’s […]
October 14, 2024

7 of the silliest and politically motivated tax policies recently introduced in Canada

Kim Moody: Politicians know that robbing Peter to pay Paul means they can always rely on the support of Paul.   Tax and politics are like […]
September 27, 2024

Taxpayer blames $500,000 misstep on accountant, but the CRA doesn’t bite

Jamie Golombek: Beware that you are still ultimately responsible for making sure your taxes are done currently if you hire an accountant to do them.   […]
September 4, 2024

5 ways the rich have an advantage over you

Peter Hodson: It takes money to make money, but once you have money, the advantages increase. Too many investors chase returns when looking for the big […]
September 4, 2024

There are many problems with CRA’s pursuit of Toronto Maple Leaf John Tavares

Last week, I shared details about the battle that Toronto Maple Leaf John Tavares is having with the Canada Revenue Agency. His story is important because […]