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Federal Court dismisses FATCA charter challenge

The judge said the affected people have only a limited expectation of privacy in their banking information

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CRA updates tax folios, provides guidance on caregiver credits

One document addresses the tax on split income

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BMO Nesbitt Burns cites feds’ proposed tax changes as it closes funds

New rules would prevent funds from using derivative transactions to convert ordinary income into capital gains

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CRA announces prescribed interest rates for third quarter

The rate increased for corporate taxpayers’ pertinent loans or indebtedness

  • By: Staff
  • June 27, 2019 June 27, 2019
  • 15:04
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New Democrats pledge higher taxes on capital gains, corporations and the wealthy

A C.D. Howe report says a "wealth tax" may not be the best way to tackle inequality

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Corporate tax gap could be costing more than $11B

The gap is the biggest in a CRA series of studies

  • By: Staff
  • June 18, 2019 June 18, 2019
  • 13:19
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Morneau to move ahead with stock option limit

The rules will not apply to options granted by Canadian-controlled private corporations

Federal panel calls for ‘super’ tax credit for green investments

The report says regulatory changes are needed to combine environmental goals and economic growth

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Tax issues when Canadians have U.S. executors

Tips to avoid cross-border complications

  • By: Max Reed
  • June 13, 2019 June 13, 2019
  • 16:00
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CRA talks TOSI at STEP Canada roundtable

The agency also warned about anti-avoidance rules

Concept of important choices of a businessman, Business Challenge

Harvest to close ETF

The banks and buildings ETF will delist July 31

  • By: Staff
  • May 29, 2019 May 29, 2019
  • 10:59
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Advisory committee says disability tax credit should be refundable

The program doesn't currently offer enough help to those too poor to pay income tax, a report says


Tax case illustrates government’s motivation in IPP change

New rules in the 2019 federal budget crack down on commuted value transfers

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The federal budget’s other homebuyers’ plan proposal

Why the measure affecting divorced clients could have a broad impact

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Stock option changes, other budget measures unlikely to proceed before election

A number of financial proposals aren’t included in the Liberals’ implementation bill

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Registered plan fee guidance forthcoming from CRA, but timing unclear

It's status quo for advisors while the Department of Finance completes a tax policy review

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Feds missed $169 million in tax from foreign digital marketplace

The CRA should expand its compliance activities, the auditor general said

  • By: Staff
  • May 7, 2019 May 7, 2019
  • 15:36
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Feds highlight indexation of Canada Child Benefit

In July, the maximum benefit will increase up to $143 per child for 2019-2020

  • By: Staff
  • May 6, 2019 May 6, 2019
  • 15:03
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Changes coming to U.S. immigrant investor program

Investors seeking a visa through the EB-5 program will face new restrictions


CRA updates RRSP, TFSA advantages folio

The agency made revisions based on comments received from the tax community


Ontario man fined more than $115K for fraudulent child tax benefit claims

The CRA says the benefits were claimed for children who didn’t exist or never entered Canada

  • By: Staff
  • April 11, 2019 April 11, 2019
  • 14:47
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Budget 2019 could mean more tax payable for fundholders

Department of Finance expects to gain $350 million by 2024 from proposals

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Federal NDP would raise capital gains tax to 75%

The $3 billion raised would go toward pharmacare, childcare and housing

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CRA publishes Q2 prescribed interest rates

The rate decreased for corporate taxpayers' pertinent loans or indebtedness

  • By: Staff
  • March 29, 2019 March 29, 2019
  • 10:26
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Put deferral loss in perspective for Ontario business owners

Find out how loss of the small business deduction could affect your client