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CRA found more than $1B auditing smaller businesses last year

The average amount identified per small business audit was $137,000

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‘Punitive’ luxury tax panned by Scotiabank economists

The Liberal proposal rests on a "dubious" economic argument, a report says

Sir Oliver Mowat statue at the Ontario Legislative Building in Toronto

Ontario could close small business tax loophole

Province decided last year not to match the federal passive income rules, leading to an anomaly in combined tax rates

Canada Pension Plan CPP written on a sheet on an office table

CRA sets CPP maximum pensionable earnings for 2020

Contribution rates were also announced

  • By: Staff
  • November 1, 2019 November 1, 2019
  • 15:03

A life insurance policy loan or a loan against the policy?

A Tax Court case shows the difference for taxation

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Revisiting salary versus dividends in light of federal tax changes

New considerations for incorporated small business owners

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Tax and estate concerns at different life stages

Tips for serving clients of all ages

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Tax experts watching for Liberal moves on surplus stripping, capital gains

Some doubt the minority government would revisit withdrawn proposals for private corporations

Interior view of the Canada Commons of Parliament, Ottawa

Liberals expected to proceed with new rules for employee stock option deductions

The proposed measure could find support from the NDP

Edmonton downtown, James Macdonald Bridge and the Saskatchewan River at night

Advisors react to the federal election

Concern runs deep about western alienation, unfair taxing of the rich

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Tax implications of the Liberal win

Here’s what your clients need to know

Yatch in ocean

Explaining a wealth tax to clients

Breaking down proposals to tax the rich in Canada and the U.S.

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With federal election, proposed annuities unlikely to be ready next year

Will ALDAs and VPLAs survive the Oct. 21 vote?

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Paying RRSP, TFSA investment fees from outside the accounts not an advantage, Finance says

The department acknowledges there often isn't a tax motivation when doing so

Family plays

Conservatives promise increased adoption tax credit

Parents would also be eligible for paid leave through EI

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Singh calls Liberal luxury tax a ‘distraction’

The NDP has proposed a tax on people whose wealth exceeds $20 million

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People’s Party promises corporate tax cut, end to capital gains

The party says it would reduce corporate taxes from 15% to 10% over the course of one mandate

Closeup of paper man pushing tax wooden block on table against gray background

CRA announces prescribed interest rates for Q4

The rate decreased for corporate taxpayers’ pertinent loans or indebtedness

  • By: Staff
  • October 1, 2019 October 1, 2019
  • 10:21

Conservatives would expand disability tax credit eligibility

The proposal would lower the threshold for the credit, allowing 35,000 more people to qualify

Yatch in ocean

Liberals target wealthy with luxury tax

The party also promised to prevent businesses from excessively reducing taxes by deducting debt from their earnings

Seedlings, close up

Tories, Grits pledge help for green renos

Both parties say they’ll help voters pay for improvements to their homes

A happy ending for another Form T1135 debacle

A Tax Court judge found the CRA was overzealous in issuing a penalty for late filing


Tax changes looming for employees receiving stock options

Help clients navigate the new rules

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Liberals pitch guaranteed paid leave for parents in child’s first year

The party also promised to enhance the Canada Child Benefit by 15% for parents of children under the age of one