TOSI exceptions for your business-owner client
Find out what the CRA says about investment income and selling a business
Top Stories in Tax
New trust reporting and disclosure rules are coming
The idea of a “private” trust will slip from the vernacular in 2021, as the government gains new information
- By: Margaret O’Sullivan
- March 27, 2020 March 25, 2020
- 09:30
Part-time advisor’s business income doesn’t justify ‘staggering’ expenses
A Tax Court case shows what can happen to unsupported claims
- By: Jamie Golombek
- March 27, 2020 March 25, 2020
- 09:30
Dealing with no-contest clauses
What is a no-contest clause, and what do executors need to know?
- By: James Dolan
- March 27, 2020 March 25, 2020
- 09:30
CRA suspends new debt collection to prevent financial hardship
Pre-existing situations will be assessed case by case
- By: James Langton
- March 20, 2020 March 20, 2020
- 14:43
Helping clients access new federal money
Here's a breakdown of the benefit programs and help for small businesses
- By: Jordan Press, The Canadian Press
- March 19, 2020 March 23, 2020
- 14:44
Liberals ease minimum RRIF withdrawals as part of pandemic response
Finance Minister Bill Morneau said the minimum withdrawal rate will be 25% lower for 2020
- By: Greg Dalgetty
- March 18, 2020 March 18, 2020
- 16:11
Liberals pledge up to $82 billion in spending, deferred taxes
The unprecedented package includes a beefed-up Canada Child Benefit, GST tax credits, a wage subsidy and emergency EI benefits
- By: The Canadian Press
- March 18, 2020 March 23, 2020
- 13:35
Speculation or hedge? Supreme Court rules on derivative case
The ruling has implications for tax treatment
- By: James Langton
- March 13, 2020 March 13, 2020
- 15:55
Tax tips for seniors
The CRA details the benefits, credits and expenses that your senior client may be eligible for
- By: Staff
- March 11, 2020 March 11, 2020
- 12:42
Common RDSP misconceptions
The Registered Disability Savings Plan requires proper planning
- By: Jacqueline Power
- March 3, 2020 March 5, 2020
- 14:15
Tax preparer prepares for jail
The former CRA employee was sentenced to more than 4 years for tax fraud
- By: Staff
- February 28, 2020 February 28, 2020
- 14:49
CRA criticized for service delays
Taxpayers’ Ombudsman issues 15 recommendations for improving the agency's performance
- By: Greg Dalgetty
- February 21, 2020 February 21, 2020
- 13:30
Help clients calculate RRSP limits
Breaking down pension adjustments and other challenges
- By: Curtis Davis
- February 20, 2020 February 24, 2020
- 11:03
Tax tips for students
The CRA provides a handy list of potential tax benefits and credits
- By: Staff
- February 12, 2020 February 12, 2020
- 13:39
Tax preparer gets jail time for fraud
Clients' tax returns were filed with phoney charitable tax credits, business losses
- By: Staff
- February 10, 2020 February 10, 2020
- 12:55
Second-generation income and TOSI
Find out when your client’s investment income could be subject to the tax on split income
- By: Frank Di Pietro
- February 7, 2020 March 30, 2020
- 13:30
Dealing with an overly broad (or narrow) encroachment clause
Exercising discretion with estate assets in trusts
- By: James Dolan
- February 7, 2020 February 6, 2020
- 09:30
Avoiding a dependant’s relief claim
A recent court case illustrates the risks that come with longer lives
- By: Akua Carmichael
- February 7, 2020 February 6, 2020
- 09:30