RE:Boys, CALM DOWN! the forms aren't even printed yet !!!Hey PACKER__Here is the LOW DOWN Direct From the CRA Horse's Mouth
Just AnOther FEW WEEKs For The ACTUAL CRA Forms
STAYED TUNED eh !!!
The CRA is administering proposed capital gains inclusion rate legislation
On September 23, 2024, the government tabled a Notice of Ways and Means Motion to introduce a bill entitled An Act to amend the Income Tax Act and the Income Tax Regulations. This Notice of Ways and Means Motion modified the motion tabled on June 10, 2024. For more information about the capital gains tax changes, please visit the Notice of Ways and Means Motion.
Notwithstanding that Parliament is prorogued, the Canada Revenue Agency (CRA) will continue to administer the proposed capital gains legislation.
The CRA will issue the forms to allow taxpayers to file in accordance with the new capital gains rules by January 31, 2025. Arrears interest and penalty relief, if applicable, will be provided for those corporations and trusts impacted by these changes that have a filing due date on or before March 3, 2025.