Tax News

Tax News

What an interest rate rise would mean for prescribed loans

Effects on spousal and employee loans

By Doug Carroll |September 22, 2017

3 min read

Tax News

Why clients can’t rely on T-slips

They must always double-check

By Jamie Golombek |September 22, 2017

3 min read

Tax News

Shedding light on the CPP survivor benefit

Explaining a poorly understood mechanism

By Lea Koiv |September 22, 2017

11 min read

Industry

Tax proposals to have harmful effects on small biz: CFIB

88% of business owners indicate that the proposed changes will make it more difficult for their small business to grow and create jobs.

By Staff |September 21, 2017

2 min read

Defining a family unit for the principal residence exemption

A reader wrote to ask about this principal residence exemption-related income tax folio, which states: 2.13 For a property to be a taxpayer’s principal residence for a particular year, he or she must designate it as such for the year and no other property may have been so designated by the taxpayer for the year. […]

By Staff |September 20, 2017

2 min read

No to tax on insurance products: poll

Most Saskatchewan voters — 73% — oppose the government’s decision to add PST to a range of insurance products, reveals a poll conducted by Maple Leaf Strategies on behalf of Advocis. Read: Tax on insurance premiums in Saskatchewan coming soon Further, 77% say taxing insurance is “unfair,” and 73% say the tax will cause people […]

By Staff |September 18, 2017

1 min read

B.C. budget hikes tax on rich

British Columbia’s minority New Democrat government says it is starting to build the province all residents want, tabling a budget update that promises to hire 3,500 teachers and build rental units and homes for the homeless — while hiking taxes at the top end. The budget includes tax measures that lowers the corporate income tax […]

4 min read

Full CRA roundtable answers available from STEP

The annual CRA roundtable at the Society of Trust and Estate Society Practitioners (STEP) National Conference allows attendees to hear directly from agency representatives about tax policy and administration. This year’s roundtable, held June 13, revealed that CRA had collected $75 million to date as a result of TFSA audits. The roundtable also covered dual […]

By Staff |September 5, 2017

1 min read

Tax News

What an interest rate rise would mean for prescribed loans

Why clients can’t rely on T-slips

Shedding light on the CPP survivor benefit

Tax proposals to have harmful effects on small biz: CFIB

Defining a family unit for the principal residence exemption

No to tax on insurance products: poll

The summer’s most active tax lobbyists

B.C. budget hikes tax on rich

Watch for this TFSA trading pitfall

Full CRA roundtable answers available from STEP