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Essential tax numbers: updated for 2021

Use this handy list of tax numbers as a quick reference

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Liberals plan foreign buyers tax in bid to create affordable housing

The fiscal update said the feds plan to tax homeowners who use Canada to passively store wealth in housing

KEN YUEL PHOTOGRAPHY / GETTY IMAGES

Updated: Government moves ahead with relief for RDSP holders who lose DTC eligibility

Changes to take effect Jan. 1, 2021

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Feds to allow up to $400 for home office expenses

A proposal in the fall economic statement aims to provide a simplified claim process

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Employee stock option changes to take effect July 1

CCPCs and employers with annual gross revenues of $500 million or less will be excluded

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How should your clients own real estate properties?

There are benefits and risks to owning property personally, through a trust or through a corporation

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Transferring a 401(k) or IRA to Canada

Issues and strategies for Canadians thinking about transferring their U.S.-based retirement plans

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TFSA limit for 2021 released

Find out how much clients can contribute

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How to extract cash from a corporation

Consider these options to avoid unexpected tax results

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Ending RRIF withdrawal rules would cost $1B, PBO says

The Liberals shifted the marker this year, dropping the minimum for each senior by 25%

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Budgeting for 2021 CPP changes — and beyond

Will the pandemic lead to higher future premiums?

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Ontario proposes seniors’ renovation tax credit

Refundable tax credit would offer up to $2,500 for eligible home improvement expenses for 2021

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O’Toole calls for pause on CRA audits for businesses struggling due to Covid-19

The Liberals' latest relief provisions have been met with mixed reactions from business groups

Income and gains on TFSA overcontributions can remain in account, CRA says

There are exceptions for cases of deliberate overcontributions or penalty waivers

Refinancing prescribed rate loans just became easier

Canada Revenue Agency confirmed a more flexible approach at the Canadian Tax Foundation conference

Prepare now for tax fallout from Covid-19, says tax expert

An aggressive taxman is on the way, Kim Moody says

Pandemic complicates discretionary trust payouts

Trustees must balance the interests of income and capital beneficiaries amid economic uncertainty

Effective beneficiary designations when converting RRSPs to RRIFs

Help your client avoid these estate planning pitfalls

  • By: Tim Brisibe
  • October 2, 2020 September 30, 2020
  • 09:00

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