News for residents of the “11th province”: Canadians abroad.
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Revelations Challenge Handling of Foreign Interference
New disclosures from Canada's Foreign Interference Commission and revelations by CSIS have brought to light the details of China's alleged interference in Canadian politics, including a $250,000 scheme to influence the 2019 general election. These findings question the conclusions of special rapporteur David Johnston's earlier probe, which downplayed the impact of foreign interference. The documents reveal efforts to covertly support certain political campaigns, challenging the integrity of Canada's democratic process and raising concerns about the national response to such threats.
Read more: ZeroHedge (Alleged Interference Scheme), Global News (Special Rapporteur's Conclusions Questioned)
CRA's Last-Minute Bare Trust Reporting Reversal
The CRA's eleventh-hour decision to exempt bare trust reporting for this tax season has left Canadians who preemptively paid for tax preparation in frustration. This reversal, communicated just days before the filing deadline, had many taxpayers incurring unnecessary costs. Accountants and taxpayers alike were caught off guard, a significant communication gap from the CRA on the new reporting requirement introduced this year. The change was intended to ease the confusion and alarm over the new rules, but for many, the announcement came too late.
Read more: Global News (Costly Consequences), CBC (Taxpayer Reaction)