Mandatory tax disclosure reprieve likely only temporary
The government is delaying implementation of rules that could affect advisors whose clients use aggressive tax planning
- By: Michael McKiernan
- November 8, 2022 November 8, 2022
- 16:32
The government is delaying implementation of rules that could affect advisors whose clients use aggressive tax planning
Corporations could choose to reward shareholders through dividends instead
Federal Court case is the latest reminder of the costs
Indexing helps your clients’ after-tax income keep pace
Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more
The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning
The 12-month holding period would reset after the taxpayer took ownership of property
The update did not provide details on measures set to take effect soon
Help clients turn investment losses into a tax win
The CRA also updated the RRSP dollar limit
Next year's limit can be calculated using CPI data released Wednesday
Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say
Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly
FATCA requires banks and other institutions to report information about accounts held by U.S. individuals
Clients have until Sept. 30 to lock in the 2% family loan rate
The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers
De-indexing effectively forced Albertans to pay almost $647 million more in taxes from 2020 to 2022
Keep an eye on interest rates, inflation, legislation and more
The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer
Here’s the status of proposals that matter to your clients
Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
Department of Finance releases details today that outline the age limit and allow unused contribution room to be carried forward
The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
However, the bank and insurer surtax remains at 1.5% for profits over $100M