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Court overturns father’s decision to disinherit daughters

Adult twins who were disinherited by their dad have been granted 70% of his estate by a B.C. judge

Budget proposal will mean “big change” for CRA audits, lawyer says

A speaker at the 2021 STEP conference warns that CRA auditors could soon have greater authority to require individuals to answer questions

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Government to reimburse self-employed workers who repaid CERB

Details of how to request the reimbursement have been released

Bridge to Canada Sign

What U.S. tax proposals mean for Canadians

Breaking down estate tax and capital gains for cross-border clients

Closeup of paper man pushing tax wooden block on table against gray background

U.S. proposes tax of at least 15% on global corporate profits

The proposed 15% is a floor, with further discussions encouraged to push the rate higher

Bitcoin, Litecoin and Ethereum

U.S. businesses may have to report crypto assets to IRS

The Treasury Department issued a report Thursday that outlines proposals for new measures

Closing Canada’s “tax gap” would raise about $3 billion: report

The 2021 budget proposed new measures and funding to deal with tax evasion

young man in wheelchair on a Zoom call

What the disability tax credit means for eligible Canadians and their families

Qualification is a gateway to additional tax savings

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Non-resident executors and posting bond

Clients may need to revise their wills if they’ve named out-of-jurisdiction executors

woman in a maze with a clear path

Ontario’s new probate process for small estates is easier

New rules may allow more executors without a legal background to apply for probate

house versus cottage

Home or cottage: Which should be a principal residence?

Knowing the answer can help maximize your client’s wealth

debt

Instalment payments for clients who owe taxes

There are three options used to determine how much taxpayers need to pay each quarter

Wooden gavel used by a judge or auctioneer

After years, U.S. court hands tax win to Michael Jackson heirs

The IRS had wildly inflated the value of the King of Pop's assets

Federal budget bill includes changes to stock options, annuities, mutual fund trusts

New legislation will adopt a number of measures from the 2019 budget

  • By: Staff
  • May 4, 2021 May 4, 2021
  • 16:47

Biden’s corporate tax plan takes aim at income inequality

President Joe Biden wants to crack down on the loopholes, shelters and havens that allow multinationals to dodge taxes

Breaking down Biden’s proposal on long-term capital gains

A look at what could change and who would be affected

Marriage no longer automatically revokes a will in Ontario

Bill 245 has received royal assent, which also means that Ontario is a substantive compliance province and virtual will witnessing is permanent

Quebec extends tax for financial institutions, drops small biz tax rate

The finance minister forecast a deficit of $12.3 billion this fiscal year

Can a trust avoid tax on a deceased person’s RRSP?

A trustee’s tax liability has limits, a court case suggests