CRA clarifies tax treatment of settlement payments related to RRSPs, other plans
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
The federal budget proposed increasing the level of taxable capital at which a business can still access the small business rate
A Tax Court case offers a warning about missing corporate returns
Some beneficiaries are entitled to interest on their inheritance starting one year after death
Avoid the tax consequences of not distributing a TFSA quickly after the account holder dies
For the best tax treatment, distinguish between current and capital expenses
Bill C-19 gives people who purchased luxury vehicles in 2021 a break
Tories also propose enhancing existing tax credit for low-income earners
Now is the time to lock in 1% prescribed rate on family loans, achieve income splitting opportunity
Eligible seniors would receive up to $1,000 more annually
‘CRA took my teeth, my rent, my food,’ says Winnipeg residential school survivor
The federal budget said the government will proceed with a review of “housing as an asset class"
The province will raise the rebate, on the education tax on residential and farm property, to 37.5% this year and 50% next year
Advisors are still relatively positive about the tax-free first home savings account, despite not being able to use it alongside the Home Buyers’ Plan
Proposed change in Budget 2022 would "increase expenditures by charities overall," government said
But with no adjustment to the passive income rules, some companies will remain shut out
What executors need to know when a beneficiary can’t be easily identified or found
While audits are uncommon, rules introduced in 2015 ensure stringent reporting of assets
Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven’t passed legislation to enable them