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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

Parliament Hill building closeup in Ottawa, Canada

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

Parliament buildings at sunset

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
Modern condo buildings with huge windows in Montreal, Canada.

Feds extend anti-flipping tax to assignment sales

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

Canadian parliament in Ottawa

Fiscal update confirms feds’ plans to proceed with various tax and estate proposals

The update did not provide details on measures set to take effect soon

Business people holding trophy award after win competitor.

Tax-loss selling: investing’s moral victory

Help clients turn investment losses into a tax win

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

CPP maximum pensionable earnings for 2023 announced

The CRA also updated the RRSP dollar limit

  • By: Staff
  • November 1, 2022 November 1, 2022
  • 10:14
illustration of magnifying glass and tax forms

Inflation to trigger bump in TFSA room in 2023

Next year's limit can be calculated using CPI data released Wednesday


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

Man Sitting at a Table Using a Calculator

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

tax owing

CRA charging higher interest on amounts owed

Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say

tax season

Which of your fees are exempt from sales tax?

Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly

Allow siblings to act as RDSP holders, report recommends

CRA's disability advisory committee releases its 2022 annual report

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

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

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

Raymond James acquires Solus Trust

Vancouver-based trust company manages $400 million in assets

Former fund rep sanctioned over clients’ estate disclosures

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

Common gaps when appointing an attorney for property and personal care

A case study explains the challenges