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Canadian parliament in Ottawa

Mandatory tax disclosure reprieve likely only temporary

The government is delaying implementation of rules that could affect advisors whose clients use aggressive tax planning

Parliament Hill building closeup in Ottawa, Canada

Taxing corporate share buybacks unlikely to boost investment in operations: experts

Corporations could choose to reward shareholders through dividends instead

electrical plug

TFSA overcontributions still a problem

Federal Court case is the latest reminder of the costs

increase in inflation

Inflation will affect tax brackets

Indexing helps your clients’ after-tax income keep pace

Parliament Hill building closeup in Ottawa, Canada

FHSA, other tax proposals tabled in House of Commons

Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more

Parliament buildings at sunset

Finance gives reprieve on mandatory disclosure rules

The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning

  • By: Staff
  • November 4, 2022 November 4, 2022
  • 10:48
Modern condo buildings with huge windows in Montreal, Canada.

Feds extend anti-flipping tax to assignment sales

The 12-month holding period would reset after the taxpayer took ownership of property

Canadian parliament in Ottawa

Fiscal update confirms feds’ plans to proceed with various tax and estate proposals

The update did not provide details on measures set to take effect soon

Business people holding trophy award after win competitor.

Tax-loss selling: investing’s moral victory

Help clients turn investment losses into a tax win

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

CPP maximum pensionable earnings for 2023 announced

The CRA also updated the RRSP dollar limit

  • By: Staff
  • November 1, 2022 November 1, 2022
  • 10:14
illustration of magnifying glass and tax forms

Inflation to trigger bump in TFSA room in 2023

Next year's limit can be calculated using CPI data released Wednesday

tax owing

CRA charging higher interest on amounts owed

Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say

tax season

Which of your fees are exempt from sales tax?

Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly

Bridge to Canada Sign

Court of Appeal upholds sharing of Canadian bank account info with U.S. authorities

FATCA requires banks and other institutions to report information about accounts held by U.S. individuals

Piggy bank lifted up into sky by inflated balloon

Family loan rate rising to 3% on Oct. 1

Clients have until Sept. 30 to lock in the 2% family loan rate

  • By: Staff
  • September 23, 2022 September 23, 2022
  • 10:34
Toronto skyline in financial district

Revised bank recovery dividend to net $1B less

The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers

  • By: Melissa Shin
  • September 22, 2022 September 22, 2022
  • 11:35
Edmonton downtown, James Macdonald Bridge and the Saskatchewan River at night

Alberta to resume indexing its tax brackets

De-indexing effectively forced Albertans to pay almost $647 million more in taxes from 2020 to 2022


Issues for advisors to watch this fall

Keep an eye on interest rates, inflation, legislation and more

  • By: Staff
  • August 29, 2022 August 29, 2022
  • 12:17
The Saskatchewan Legistlative building in the background and a fountain on Wascana lake on a lovely summer day in Regina.

Saskatchewan reverses planned tax hike, will issue $500 to residents

The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer

Canadian parliament in Ottawa

Liberal tax promise tracker, end of summer edition

Here’s the status of proposals that matter to your clients

Old vintage books in a row

Disinherited children win big in Alberta and B.C. courts 

Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests

Interior view of the Canada Commons of Parliament, Ottawa

Feds move ahead with CCPC measures

Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation

image of houses

New First Home Savings Account: everything you want to know

Department of Finance releases details today that outline the age limit and allow unused contribution room to be carried forward

The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. CRA Tax

Draft legislation addresses trust reporting, anti-flipping rules

The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more


Feds soften banks’ recovery dividend in draft legislation

However, the bank and insurer surtax remains at 1.5% for profits over $100M