CRA clarifies tax treatment of settlement payments related to RRSPs, other plans
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
The federal budget proposed increasing the level of taxable capital at which a business can still access the small business rate
A Tax Court case offers a warning about missing corporate returns
Bill C-19 gives people who purchased luxury vehicles in 2021 a break
Tories also propose enhancing existing tax credit for low-income earners
Now is the time to lock in 1% prescribed rate on family loans, achieve income splitting opportunity
Eligible seniors would receive up to $1,000 more annually
‘CRA took my teeth, my rent, my food,’ says Winnipeg residential school survivor
The federal budget said the government will proceed with a review of “housing as an asset class"
The province will raise the rebate, on the education tax on residential and farm property, to 37.5% this year and 50% next year
Advisors are still relatively positive about the tax-free first home savings account, despite not being able to use it alongside the Home Buyers’ Plan
Proposed change in Budget 2022 would "increase expenditures by charities overall," government said
But with no adjustment to the passive income rules, some companies will remain shut out
All of Advisor.ca’s 2022 federal budget coverage in one place
Government cuts fossil-fuel credits, offers new credits for critical mineral, carbon capture development
Financial institutions will also have to pay a one-time Canada Recovery Dividend on 2021 taxable income over $1B
CIBC's Jamie Golombek breaks down how the new account will work
Profits on sale of residential property held for less than 12 months would be taxed as business income
The government plans to consult on how to allow "genuine" intergenerational share transfers
The measure would target those among the top 0.5% not paying their "fair share" of taxes
Advisors need to consider several aspects, such as life expectancy and whether the client will spend or invest CPP and OAS
Targeting REITs and other large owners of residential real estate such as lifecos and pension plans might disincentivize investment, one expert says
The budget is expected to include new social programs promised as part of the Liberals' agreement with the NDP
New tax on the ultra wealthy would include ``unrealized gains''
CRA outlined credits, rebates and reporting requirements