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Liberals propose 15% minimum tax on highest earners

The party platform also calls for a new financial sector ombudsperson with binding arbitration power

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Repay RDSP grants and bonds to eligible people, demand advocates

People who lost DTC eligibility under now-changed rules had to close their RDSPs and repay $34.4 million in grants and bonds

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Liberals pledge to raise GIS

A qualifying senior couple would receive $750 more per year

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Liberals target banks, insurers with tax hike on profits over $1 billion

Big financial institutions would also have to pay a pandemic recovery dividend

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Conservatives call for transparency in investment management fees

The party's election platform also contains various tax proposals and targets an "overly aggressive" CRA

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Fate of unfulfilled 2021 budget proposals uncertain with election underway

Certain measures from the 2019 election, such as a luxury tax, are sure to resurface in this campaign

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NDP pledges to raise top marginal tax rate, capital gains inclusion rate

The corporate tax rate would also go to 18%

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Feds launch public consultations on new luxury tax

The tax on expensive vehicles was part of the Liberals' 2019 election platform

  • August 11, 2021 August 11, 2021
  • 12:21

Feds launch consultations on increasing charities’ disbursement quotas

Finance is seeking comments about raising the rate and giving the CRA better enforcement tools

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Finance looking for input on underused housing tax

The proposal is for a 1% annual tax on the value of vacant real estate owned by non-residents

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 11:59
Parliament Hill building closeup in Ottawa, Canada

Advocates hopeful new federal disability benefit could improve access

The Liberal government's proposed Canada Disability Benefit would be modelled on the guaranteed income supplement

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Will CRA challenge small biz transfers that use Bill C-208?

Tax experts argue that aggressive transfers could be penalized under the general anti-avoidance rule

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Potential tax implications from renting a principal residence

A change in use could result in a deemed disposition

Nearly 140 countries reach deal on corporate minimum tax

The deal aims to make sweeping changes to how big, multinational companies are taxed, deterring profit stashing

A Tax Court lesson in saving receipts

Expense claims are possible without receipts, but it’s an uphill battle

CRA announces interest rates for Q4

The prescribed rate on loans to family members remains set at 1%

  • By: Staff
  • September 27, 2021 September 27, 2021
  • 15:15

How much should an executor be paid?

If a will doesn’t address compensation, then provincial statutes, case law or set guidelines govern how much an executor can receive

Help your client avoid losing GRE status

Contributions and loans to a graduated rate estate can have tax consequences

Don’t let real estate add to relationship woes

Consider the tax consequences before transferring property after a separation