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As launch date approaches, Canadians may have to wait a bit longer for FHSAs

Firms are scrambling to set up back-office systems and internal procedures for the complex accounts

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

CRA announces increase in prescribed rate for Q2 2023

Rate to rise for the fourth consecutive quarter

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Golombek’s 2023 budget highlights

What clients need to know about the AMT, RESPs, intergenerational transfers and more

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Federal budget 2023: What you need to know

All of Advisor.ca’s 2023 federal budget coverage in one place

  • By: Staff
  • March 28, 2023 March 28, 2023
  • 18:24
Hands Giving & Receiving Money

Liberals go after predatory lending

In another measure aimed at vulnerable Canadians, the CRA will pilot automatic tax filing in 2024

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Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

The credits are for investments in clean electricity, clean-tech manufacturing and hydrogen


Government proposes changes to financial institutions’ dividend deduction

The proposal follows the surtax and recovery dividend introduced in last year's budget

Workers In Family Business Standing Next To Van

Budget 2023 shuts down loopholes left in Bill C-208

Budget 2023 proposes changes to framework of intergenerational business transfers


Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs

Tuesday's budget also proposes extending a measure that was set to expire this year

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Feds boost limit on allowable EAP withdrawals from RESPs

Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs

Parliament buildings at night in Ottawa

Feds to overhaul alternative minimum tax in bid to target top earners

The proposed changes take aim at deductions, credits and other tax strategies

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CRA waives penalties for late-filing the underused housing tax return

Affected owners have until Oct. 31 to file or pay before incurring interest and penalties

Canada Life Insurance

Federal budget to increase RESP withdrawal limit: source

Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians

Halifax Grand Parade Square

Nova Scotia leaves tax rates alone, but provides relief to nurses

Repairing the health-care system is the centrepiece of the provincial government's $14.4-billion budget

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Feds have little capacity to raise personal tax rates, experts say

Liberal government more likely to focus on AMT, capital gains in Budget 2023

Chateau Frontenac in Quebec city, Canada

Quebec cuts taxes for lowest income brackets

The province is also increasing the maximum age for applying for a retirement pension to 72 from 70

Man refuel his car on gas station

Canadian industry singing praises of Inflation Reduction Act as federal budget nears

The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry

Skyline of Winnipeg with Manitoba Legislative Building. Winnipeg , Manitoba, Canada

Manitoba raises basic personal amount, tax brackets in pre-election budget

The basic personal exemption will rise to $15,000 from $10,145

Beautiful view of historic parliament building in the citycenter of Victoria

B.C. introduces renter’s tax credit

The provincial budget forecasts years of deficits, but spends big on health, housing, families

Bridge to Canada Sign

U.S. Supreme Court rules in taxpayer’s favour on FBAR issue

The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million

Canadian parliament in Ottawa

Budget 2023 could target wealthy Canadians, experts suggest

Feds expected to provide details about new minimum tax on high earners and share buyback tax

Parliament buildings in winter

Liberal tax promise tracker, pre-budget update

Here's the status of tax promises and proposals that matter to your clients

Parliament buildings in winter

Feds’ share buyback tax to generate $3B over five years: PBO

Liberals said they will release details about the 2% tax in Budget 2023

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Prescribed rate set to rise, again, in Q2

The increase represents the fourth consecutive quarter that the rate has climbed

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FP Canada lobbying feds for financial planning tax credit

The organization wants to improve lower-income earners' access to planning