
07
May
Sold your home? CRA may penalize you if you fail to report it
The Canada Revenue Agency is getting tough with people who fail to comply with new rules requiring the routine sale of a home to be reported, even when there’s zero tax owing.
If you don’t report the sale of a principal residence on your income tax return, you could be subject to a fine.
Click here to continue reading this article on all the new rules from the Globe and Mail.