The 2024 Federal Budget, presented by Finance Minister Chrystia Freeland on April 16, introduced $52.9 billion in new spending, which the government plans to offset, in part, by increasing taxes ...
Exploring Section 1031 Rollover in US Real Estate for Canadians
With current low capitalization rates in the Canadian real estate market, many Canadians are looking south of the border to the United States for higher returns on their real estate ...
Thinking about income splitting to achieve your investment goals? Act fast, the minimum interest rate will double on July 1
As the CRA prepares to double its prescribed interest rate on July 1, now is the time to take advantage of an income-splitting exception to the attribution rules. When handled ...
2022 federal budget focuses on housing market; spending lower than expected
Finance Minister Chrystia Freeland presented the 2022 Federal Budget to a divided House of Commons on April 7, 2022. The Liberal and NDP parties have recently agreed to a confidence ...
Preparing for the 2022 tax season
The Canadian government has moved quickly to offer economic relief and adjust tax regulations to benefit businesses and workers hit by economic challenges. To help you get up to speed, ...
New estate law protects Ontarians’ wills after remarriage
Estate law reformers in Ontario are celebrating a major milestone. As of January 1, 2022, new legislation came into effect that – amongst many other changes – says existing wills ...
Tax compliance or tax avoidance? Supreme Court rules in Loblaw’s favour
The Supreme Court’s recent tax appeal ruling in favour of Loblaw Financial Holdings ended a lengthy and complicated dispute over how a dissolved subsidiary company – run from Barbados – ...
More comprehensive reporting requirements coming for Canadian trusts
Revised as of January 14, 2022 The Canadian Government is preparing to implement changes to the reporting requirements for Canadian resident and non-resident trusts deemed resident in Canada. Though these ...
Will stock option taxation changes hurt hiring?
Employers in Canada’s emerging industries like cannabis, psychedelics, and agritech are concerned about how upcoming changes to the taxation of stock options will impact their ability to recruit top talent. ...