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Design of post-CERB benefits could change, minister says

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

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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

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Feds freeze EI premiums in response to pandemic

Employer and employee rates to remain unchanged for next two years

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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

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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
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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

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CRA adds T4 reporting requirements to validate benefit payments

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

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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

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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

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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
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Help your client wind down their private corporation

Consider these tax-efficient options

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Tax planning for CERB

The Canada Emergency Response Benefit could result in taxes owing

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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