CRA to continue with capital tax changes despite prorogation: finance department
- The federal government states that the Canada Revenue Agency will continue to administer the capital gains tax despite not passing in Parliament, which is prorogued until March 24.
- The Finance Department mentions that taxation proposals are effective once a notice of ways and means motion is tabled by the government.
- The Canada Revenue Agency will issue taxpayer forms by January 31, following the proposed capital gains rules, according to the Finance Department.
- Trudeau's prorogation of Parliament has ended proposed changes to capital gains taxation from the latest budget, which faced criticism from Canada's tech and business sectors.
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Leaning Left10Leaning Right4Center6Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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