Tax filing changes ‘raising the burden’ on taxpayers
Whether you’re an employee or an employer, experts are flagging a few critical tax and filing changes that individuals and businesses should be aware of when preparing their 2023 returns.
Generally, tax returns filed this year for the 2023 tax year will be more complex for many Canadians, and will require more forms and declarations, especially around income from selling or renting homes.
And if a business or a business’s suppliers use forced labour or child labour outside of the country, the Canadian government wants to know—and is using tax returns as a mechanism for requiring companies to report on this issue.
Changes for the 2023 year include new measures aimed at deterring house flipping, and a new national dental plan that is income-tested. Also: Special breaks and programs provided during the pandemic—such
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