Home Tax

Top Stories in Tax


Design of post-CERB benefits could change, minister says

The government wants the proposed package and eligibility rules to be flexible

Canada and USA Flag

CRA says U.S. Covid-19 payments not taxable in Canada

Americans in Canada who received U.S. payments won't need to include amounts in income

photo of hands holding pen under document and pressing calculator buttons

Feds freeze EI premiums in response to pandemic

Employer and employee rates to remain unchanged for next two years

Two golden coins - Bitcoin and Ethereum

Swiss region to take cryptocurrency for tax payments in 2021

Residents of Switzerland's Zug canton will be allowed to pay taxes using Bitcoin and Ether

chef making a pizza spreading sauce

Super-size me: CRA increases rate for meal claims

An overtime meal can now cost $23 without being taxable

  • By: Staff
  • September 3, 2020 September 3, 2020
  • 14:33
Close up business man signing contract making a deal, classic business

Ontario consults on estate law reform

The province is considering whether to make virtual document signing permanent and whether marriage should still revoke a will


CRA adds T4 reporting requirements to validate benefit payments

Agency looks to track CERB, CEWS, CESB payments via employer data

Wooden cubes tax with canadian dollar

Canadian Chamber of Commerce launches tax system review

A panel of experts will lead an examination of how tax reform can assist the pandemic recovery


Court decision casts doubt over beneficiary designations

A judge found that a father’s RRIF belonged to the estate rather than son named on plan

Wooden box lined with hay from the chicken eggs

CRA issues newsletter for registered pension plan contracts

The additional guidance reduces the risk of purchasing a non-compliant annuity

  • By: Lea Koiv
  • August 4, 2020 July 31, 2020
  • 06:00
Bakery owners

Help your client wind down their private corporation

Consider these tax-efficient options

Wooden cubes tax with canadian dollar

Tax planning for CERB

The Canada Emergency Response Benefit could result in taxes owing

Calculator paper tape rolled up

CRA extends tax payment deadline to Sept. 30

The agency will not charge penalties and interest if payments are made by the new deadline

Feds expand eligibility for $600 payment to Canadians with disabilities

If the proposals are enacted, eligible Canadians would receive the payment automatically

CRA fines Quebec man nearly $500K for tax evasion

The man used fraud to avoid payment

  • By: Staff
  • July 8, 2020 July 8, 2020
  • 14:53

Annual wealth tax in Canada would generate $5.6B, budget officer says

Almost 14,000 families would pay the tax on financial assets over $20 million

Renting to a child while living in long-term care

Find out if your client is still eligible for the PRE

Cohabitation and property division in Ontario

The pandemic provides an opportunity for client discussion

Why to avoid a foreign executor

In most cases the additional costs — and headaches — aren’t worth it