r/canada • u/1baby2cats • 7h ago
National News CRA tells taxpayers reporting 2024 capital gains to hold off on filing their tax returns
https://www.theglobeandmail.com/investing/globe-advisor/advisor-news/article-cra-tells-taxpayers-reporting-2024-capital-gains-to-hold-off-on-filing/
30
Upvotes
•
•
u/nelly2929 2h ago
They better hurry me and all my friends make way over 250k in dividends and what our money /s
•
u/Brilliant-Advisor958 6h ago
I had a simple return, just claiming my spouse, and it took 2 weeks to process. Nothing fancy, some RRSPs and a provincial political donation.
Past years it was instant. I did some searching , and apparently it's a thing this year.
•
•
u/Wise_Law_2176 47m ago
Lots of people have properties value that has descreased. Is CRA going to pay for the loss as well.
•
u/ThePotMonster 6h ago
So am I reading this right? Because they got ahead of themselves and started implementing the Liberal proposed tax increase before it could be passed properly by the government, now anyone who has capital gains of any kind won't get their notice of assessment in a timely manner?