The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law.

CTV News

Canada

CRA to collect increased capital gains taxes despite proposed hike not being passed into law

Media Bias/Fact Check

Bell Media

When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?

Ad Fontes Media

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CBC News

Government of Canada

ANALYSIS | Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway

Canada Revenue Agency says they will collect capital gains tax changes that Parliament has never voted on.

Toronto Sun

Leon Cooperman

Allianz

Toronto

Ontario

LILLEY: Taxman takes more of Canadians' capital gains — even though hike not law

The prorogation of Parliament has led to confusion around the federal government’s plans to boost the rate of tax some Canadians pay on the capital gains — or profits — they make from selling assets like stocks, a family business or a cottage.  Last spring, the federal Liberal government proposed changes to how it taxes those capital gains. The plan was introduced in Parliament in September. It was still being debated when Parliament was prorogu…

World ABC News

Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway

From the Canadian Taxpayers Federation By Devin Drover  The Canadian Taxpayers Federation is demanding the Canada Revenue Agency to immediately halt enforcement of the proposed capital gains tax hike which has not passed a final vote in Parliament. “The CRA is trying to enforce a tax increase without it ever becoming law,” said Devin Drover, CTF General Counsel and Atlantic Director. “Taxation should only be based on laws duly passed by elected …

Todayville

CRA must not enforce undemocratic capital gains tax hike: Taxpayers Federation

The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven’t passed in Parliament, which is prorogued until March 24. The Finance Department says parliamentary convention dictates that taxation proposals such as the capital gains taxation measures the Liberals introduced last year are effective as soon as the government tables a notice o…

MoneySense

CRA to continue administering changes to capital gains tax during prorogation - MoneySense

The Canadian Taxpayers Federation is demanding the Canada Revenue Agency to immediately halt enforcement of the proposed capital gains tax hike which has not passed a final vote in Parliament.

taxpayer.com

The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law. Now that Prime Minister Justin Trudeau has announced he is stepping down and has prorogued Parliament until late March, the Liberal legislative agenda has been left to wither in the wind. That includes the motion that would increase the amount of tax Canadians owe when they sell assets and in…

canadanewsvideo.com

Capital gains tax increase in effect despite prorogation #CDNNews #Canada #WesternCanada #BC

The recent prorogation of Parliament has left Canadians uncertain about proposed changes to the capital gains tax. These changes, initially introduced by the Liberal government, have sparked intense debate among businesses, economists, and taxpayers alike. Below, we break down what the changes entail, their potential impact, and the current state of affairs. Table of ContentsWhat Are the Proposed Capital Gains Tax Changes?Why Were These Changes …

soscip.org

Uncertainty Surrounds Capital Gains Tax Changes, But CRA Moves Ahead With New Charges

Reports of the capital gains tax hike’s death have been greatly exaggerated… for now, at least.

CRA to collect increased capital gains taxes despite proposed hike not being passed into law

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