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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

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Renting to a child while living in long-term care

Find out if your client is still eligible for the PRE

Interior view of the Canada Commons of Parliament, Ottawa

Feds expand eligibility for $600 payment to Canadians with disabilities

If the proposals are enacted, eligible Canadians would receive the payment automatically

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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
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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

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Cohabitation and property division in Ontario

The pandemic provides an opportunity for client discussion

Taxpayer watchdog to monitor how CRA handles pandemic-stressed taxpayers

The agency has agreed to be understanding with Canadians, Boileau says

Feds score big with extra funding of CRA’s business compliance programs

Each additional dollar of funding results in six dollars of "fiscal impact"

NDP wants to increase tax on excess profits

Jagmeet Singh suggests doubling the tax rate for companies earning record profits during Covid-19

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

Why to avoid a foreign executor

In most cases the additional costs — and headaches — aren’t worth it

How to unlock a life income fund

If clients need liquidity, there are options