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Top Stories in Tax

small-business

Ontario provides second round of support to small businesses

The province is doubling the small business grant and introducing a new grant for tourism and hospitality businesses

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Tax tips for clients who sold, bought or renovated homes in 2020

The Canada Revenue Agency outlined reporting requirements, credits and more

  • By: Staff
  • March 24, 2021 March 24, 2021
  • 15:21

Can a trust avoid tax on a deceased person’s RRSP?

A trustee’s tax liability has limits, a court case suggests

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IRS announces filing extension for 2020 tax return

U.S. taxpayers will have until May 17 to file and pay taxes owing

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RRSPs, RRIFs and withholding taxes at death

The absence of withholding taxes can create unexpected consequences if no planning is done

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Wills and power of attorney for cross-border clients

Planning for foreign assets may require multiple documents

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The secret to using secret trusts

Clients considering the strategy must take extra care

tax season

Helping clients through a challenging tax season

Tips for the month ahead

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Help clients transfer global pensions to Canada

Three steps for assessing eligibility

Ontario could join other provinces in letting courts save invalid wills

Some estate experts argue changing the law could lead to unintended consequences

Sir Oliver Mowat statue at the Ontario Legislative Building in Toronto

Ontario survivors could now receive more if their spouses die without a will

Ontario raised preferential share to $350,000 as of March 1

Businessman falling into a financial safety net. Business concept cartoon illustration.

Severance planning: What your client should consider

Use these tips for discussions and decision-making

Canadian individual tax form T1 close-up

Don’t let CRA tax interest relief tempt you into filing late, experts warn

Relief hasn't been extended to late-filing penalties where there’s an unpaid tax liability

Feds propose allowing e-signatures for key tax forms

The CRA would issue electronic notices of assessment as the default when returns are filed electronically

Federal budget 2021: What you need to know

All of Advisor.ca’s 2021 federal budget coverage in one place

  • By: Staff
  • April 19, 2021 April 21, 2021
  • 20:35

Feds propose expanding eligibility for disability tax credit

The DTC is key to programs such as the RDSP and Child Disability Benefit

Quebec extends tax for financial institutions, drops small biz tax rate

The finance minister forecast a deficit of $12.3 billion this fiscal year

Ontario raises small estate limit to $150,000

The change takes effect April 1

Breaking down the duty to inform

Regularly providing information to beneficiaries — and keeping records — will go a long way