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Condo buildings in downtown Montreal

Doubling first-time homebuyers’ tax credit to cost $115M: PBO

Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds

image of houses

First-time homebuyers can use FHSA and HBP, feds propose

Rules governing new tax-free home savings account to be effective April 1, 2023

Essential tax numbers: updated for 2023

Use this handy list of tax numbers as a quick reference

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:36
Red maple leaf isolated white background.

Liberal tax promise tracker, post-fiscal update

Here’s the status of proposals that matter to your clients

Will document

Former fund rep sanctioned over clients’ estate disclosures

Potential conflicts involving clients' wills weren't reported to dealer

Ontario Queen's Park Legislative Building

Ontario to expand access to small-business tax rate, increase disability and senior payments

The province's fall economic outlook forecasts a deficit of $12.9 billion in this fiscal year

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

CRA announces TFSA limit for 2023

Inflation leads to jump in tax bracket thresholds as well

Common gaps when appointing an attorney for property and personal care

A case study explains the challenges

Canadian parliament in Ottawa

Mandatory tax disclosure reprieve likely only temporary

The government is delaying implementation of rules that could affect advisors whose clients use aggressive tax planning

Parliament Hill building closeup in Ottawa, Canada

Taxing corporate share buybacks unlikely to boost investment in operations: experts

Corporations could choose to reward shareholders through dividends instead

Can an executor quit?

Yes, but it’s complicated

electrical plug

TFSA overcontributions still a problem

Federal Court case is the latest reminder of the costs

Inflation will affect tax brackets

Indexing helps your clients’ after-tax income keep pace

FHSA, other tax proposals tabled in House of Commons

Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more

Finance gives reprieve on mandatory disclosure rules

The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning

  • By: Staff
  • November 4, 2022 November 4, 2022
  • 10:48

Feds extend anti-flipping tax to assignment sales

The 12-month holding period would reset after the taxpayer took ownership of property

No duty to disclose beneficiary change, court finds

A widow sued her brokerage firm, alleging it failed to tell her about a change in her husband's accounts

B.C. lawyers still wary after a year of electronic wills

Lawyers suggest there are too many unknowns in the process to sway them from more traditional methods

Withdrawal strategy can help retirees reduce tax hit

Helping clients establish a "hierarchy of withdrawals"