Tax News

How to claim the principal residence exemption

Be sure to comply with new designation rules

June 29, 2017

4 min read

Tax News

CRA registered fee folio delayed to summer

Advisors waiting for CRA to clarify how it will treat registered fees paid from open accounts will have to wait a little longer

By Melissa Shin |June 26, 2017

3 min read

Tax News

Pitfalls with employee stock option taxation

Things get tricky when the option price is in a foreign currency

By Jamie Golombek |June 23, 2017

5 min read

Tax News

T1135 reporting and joint tenancy: what to do

Owning property jointly with a family member can mean the attribution rules apply

By Frank Di Pietro |June 22, 2017

4 min read

Industry

CRA announces Q3 interest rates

Largely, there have been no changes to the prescribed interest rates since last quarter, says CRA

By Staff |June 16, 2017

1 min read

Tax News

Small business tax regime almost ‘unworkable’

Ottawa’s changes to the private corporation and small business tax rules have made the new regime so complex that it’s almost unworkable, tax experts said at a conference panel Monday. Speaking at the Society of Trust and Estate Practitioners’ annual conference in Toronto, panelists said rules around associated corporations, arm’s-length individuals and various carveouts make […]

By Simon Doyle |June 13, 2017

3 min read

Industry

CRA seeks comment on proposed changes to VDP tax program

Diane Lebouthillier, minister of national revenue, has launched an online consultation to get commentary from Canadians on CRA's proposed changes to tighten its Voluntary Disclosures Program (VDP)

By Staff |June 12, 2017

2 min read