taxes
Lifetime capital gains exemption 2026: how incorporated professionals and small business owners can shelter up to $1.275M in QSBC sales
The lifetime capital gains exemption now shelters up to $1.275 million in gains on a qualifying business sale, but the qualification rules trip up many incorporated professionals.
Bill C-31 would let the CRA fine you $50 a day for slow audit responses — up to $25,000 without a court order
Bill C-31 grants the CRA new powers: Canadians slow to respond to audit notices could face heavy daily penalties even if no taxes are owed.
Does the CRA owe you money? Millions of uncashed cheques are still waiting to be claimed. How to find and claim your money
As of April 2026, the Canada Revenue Agency is holding $1.87 billion in uncashed cheques dating back to 1998. A two-minute check through CRA My Account could put money back in your pocket.
