The Community Reinvestment Act (CRA), established nearly 50 years ago, requires financial institutions to address the needs of the communities in which they operate, particularly in low- and ...
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It's the first tax season since the CRA revamped its services. Here's what to expect
The Canada Revenue Agency says taxpayers should have an easier time this tax season, a year after it faced criticism for long wait times and, in some cases, bad advice from representatives.
As all CRA officers know by now on December 19, 2024, the agencies announced the new size thresholds to determine what asset size qualifies as a “small bank”, “intermediate-small bank”, and “large ...
Federal regulators' move to rescind recently revisited Community Reinvestment Act rules marks a setback for community lenders and dims prospects for a durable overhaul to the way regulators think ...
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Canada Revenue Agency (CRA) cracks down on tax audits: Are you at risk for HST, Crypto, or Foreign asset scrutiny?
Canada Revenue Agency (CRA) has significantly increased its compliance efforts, conducting nearly 96,000 audits in the 2023-24 fiscal year—a sharp rise from 62,660 in the previous period. As tax ...
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