Home Tax Page 3

Top Stories in Tax

illustration of magnifying glass and tax forms

Liberals may be more open to NDP tax proposals in new Parliament, experts say

Advisors will be watching for taxes targeting high earners, capital gains and wealth inequality

Election 2021: Where the parties stand on financial issues

Here’s what's been proposed for financial institutions, taxes, housing and more

NDP capital gains tax proposal would raise $45B over 5 years: PBO

The party pledged to increase the capital gains inclusion rate to 75%

The White House in Washington DC, United States

Democrats seek corporate, wealthy tax hikes for $3.5T plan

The proposed top tax rate would revert to 39.6% on couples earning more than $450,000

Wheeling his way into recovery

Tory pledge to expand DTC eligibility would cost $177M over five years

Promise to extend sickness benefits would cost $4B over the same time period

Parliament buildings at sunset

NDP’s proposed wealth tax would generate $60 billion over five years: PBO

The party has pledged a 1% tax on those with over $10 million in wealth

Greens would tax financial transactions, close capital gains “loopholes”

The party would also cap the small business tax rate at 9% but raise the corporate tax rate to 21%

Wooden cubes tax with canadian dollar

Help your client avoid losing GRE status

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

Parliament Hill building closeup in Ottawa, Canada

Liberals propose 15% minimum tax on highest earners

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

young man in wheelchair on a Zoom call

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

Side view of a serious businessman scrolling on a tablet

Liberals pledge to raise GIS

A qualifying senior couple would receive $750 more per year

golden steps leading up, made of stacks of dollar coins in increasing height

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

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

close up, business man or lawyer accountant working on accounts using a calculator and writing on documents

Conservatives call for transparency in investment management fees

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

To be competitive, Canada must address payroll barriers to remote work

Simplified tax reporting was one solution floated in a report by PwC

  • By: Staff
  • November 26, 2021 November 26, 2021
  • 10:36

A little-known TFSA tip for year-end tax planning

This strategy can work well for wealthy clients with large TFSA balances

A primer on tax and cryptocurrencies in Canada

Whether earnings from crypto are considered business income or a capital gain depends on the holder’s behaviour

Blended families creating demand for tax services across jurisdictions: study

Complex relationships are increasing the risk of litigation

  • By: Staff
  • November 29, 2021 November 29, 2021
  • 15:05

Help your client with tax-efficient charitable giving

Use these tips to make the most of a donation tax credit

Affluent Canadians want to help both their children and the world, research finds

Parents are helping children buy houses and start businesses