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CRA Is Still Auditing A Tax That No Longer Exists
The Underused Housing Tax was rescinded under Bill C-15 for 2025 and subsequent years. No filings required. No tax owed. But the CRA is still auditing taxpayers who were exempt from the old rules and didn't file the paperwork – for a tax they were never going to owe in the first place. The minimum penalty? $1,000 for individuals and $2,000 for corporations. Per property. Per year. That is not compliance work. That is revenue collection through paperwork penalties on a regime the parliament has already thrown out.
Spring Economic Update 2026
Canada's Spring Economic Update for 2026 is here 🇨🇦 From lower CPP contributions and grocery support to fuel tax relief and homebuyer incentives, these changes could directly impact your finances and tax planning. Their goal is to build a stronger Canada and create long-term economic growth for Canadians. But with rising public debt and major new spending, the bigger question is – who pays for it later?