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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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Disability advocates say budget proposals alone won’t solve DTC access problems

While the new measures are welcome, experts say there are still problems with how the disability tax credit is administered

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MPs on finance committee to discuss timing for changes to small business tax rules

Critics say the government is defying Parliament by not enacting the new rules

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Singh demands ongoing tax on ultra-wealthy Canadians

An NDP proposal from last year calls for an annual tax of 1% on families with fortunes over $20 million

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G20 ministers take up plan to deter cross-border tax dodging

Approval of the sweeping tax package is likely at the G20 meeting Friday and Saturday

Canadian paper bills in 5 10 and 20 dollars

Date set for $500 OAS payment

Seniors aged 75 and older will receive the one-time payment in August


Feds plan to amend small biz succession bill

Finance's decision to delay implementation of Bill C-208 means it could revise or even repeal the law

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Liberals’ budget bill adopted, bringing changes to stock options, annuities, IPPs

The legislation that passed on Tuesday gives new life to measures in limbo since 2019

  • By: Staff
  • June 30, 2021 June 30, 2021
  • 15:24
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Senate passes bill addressing tax treatment of selling farms, fisheries to kids

Private member’s bill beats the odds, and the clock, to pass

tax owing

TFSA holders on the hook for overcontribution tax — even if account is worthless

A quirk in the TFSA overcontribution waiver rules could lead to taxes owed on a zero-dollar account

Budget proposal will mean “big change” for CRA audits, lawyer says

A speaker at the 2021 STEP conference warns that CRA auditors could soon have greater authority to require individuals to answer questions

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Government to reimburse self-employed workers who repaid CERB

Details of how to request the reimbursement have been released

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What U.S. tax proposals mean for Canadians

Breaking down estate tax and capital gains for cross-border clients

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U.S. proposes tax of at least 15% on global corporate profits

The proposed 15% is a floor, with further discussions encouraged to push the rate higher

Bitcoin, Litecoin and Ethereum

U.S. businesses may have to report crypto assets to IRS

The Treasury Department issued a report Thursday that outlines proposals for new measures

tax owing

Closing Canada’s “tax gap” would raise about $3 billion: report

The 2021 budget proposed new measures and funding to deal with tax evasion

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What the disability tax credit means for eligible Canadians and their families

Qualification is a gateway to additional tax savings


Instalment payments for clients who owe taxes

There are three options used to determine how much taxpayers need to pay each quarter

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After years, U.S. court hands tax win to Michael Jackson heirs

The IRS had wildly inflated the value of the King of Pop's assets

Parliament Hill building closeup in Ottawa, Canada

Federal budget bill includes changes to stock options, annuities, mutual fund trusts

New legislation will adopt a number of measures from the 2019 budget

  • By: Staff
  • May 4, 2021 May 4, 2021
  • 16:47
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Biden’s corporate tax plan takes aim at income inequality

President Joe Biden wants to crack down on the loopholes, shelters and havens that allow multinationals to dodge taxes

The White House in Washington DC, United States

Breaking down Biden’s proposal on long-term capital gains

A look at what could change and who would be affected

illustration of magnifying glass and tax forms

CRA has processed 18.6 million returns so far in 2021

The tax agency has not provided an extension to the April 30 deadline for 2020 returns

income tax owing

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