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Tax proposals modified to allow $50K in passive income

Only about 3% of the ``most wealthy'' privately owned corporations will have to pay higher taxes

Canadians face unfair income tax penalties: report

The tax bite is the worst for lower-income Canadians and small business owners.

  • By: Staff
  • October 12, 2017 August 30, 2018
  • 12:53

Which tax tools require DTC eligibility?

The Income Tax Act includes a number of financial planning tools for disabled individuals

Finance’s proposal would overturn settled law: lawyer

The comment period for Finance’s proposed tax changes for businesses is officially closed, and Finance Minister Bill Morneau says he’s open to making changes to…

  • By: Staff
  • October 6, 2017 August 29, 2018
  • 17:04

Industry still waiting for best interest clarity

At the National Institute on U.S.-Canadian Securities Litigation in Toronto this week, regulators and litigators discussed industry developments. Best interest standard at a standstill? Panellists…

All about the disability tax credit

Understand the DTC and how to use it

CRA explains delay in fee position, previews folio on advantage rules

Consultations extend into 2018

Parliament Hill building closeup in Ottawa, Canada

Problems with Finance’s passive investing proposals

Finance says Canadians who hold passive investments in private corporations get an unfair tax advantage. That view is problematic

CRA to delay registered fee tax position until 2019

Investors can breathe a sigh of relief, but there are still unanswered questions

Canada should lower corporate taxes to stay competitive with U.S.: MEI

A proportional tax rate of 10.5% for all corporate earnings is what Ottawa should aim for, notes a report.

  • By: Staff
  • September 28, 2017 August 21, 2018
  • 10:25

Opinion: Minister Morneau, your analysis is incomplete

Any reasonable analysis must include a comparison between an incorporated professional and a career civil servant

Tax support for clients with disabilities

These credits can help ease financial stress

Help maximize RDSP carry forwards

While the two plans resemble each other in many aspects, there are other features of the RDSP that are worlds apart from its RESP cousin

More tax support for clients with disabilities

How to help dependants, and other tips

Your taxes in action: the Phoenix fiasco

Ottawa’s bureaucracy is spending hundreds of millions to fix a troubled pay system

What an interest rate rise would mean for prescribed loans

Effects on spousal and employee loans

Why clients can’t rely on T-slips

They must always double-check

Shedding light on the CPP survivor benefit

Explaining a poorly understood mechanism

  • By: Lea Koiv
  • September 22, 2017 September 4, 2018
  • 00:30

Tax proposals to have harmful effects on small biz: CFIB

88% of business owners indicate that the proposed changes will make it more difficult for their small business to grow and create jobs.

  • By: Staff
  • September 21, 2017 August 21, 2018
  • 10:18

Defining a family unit for the principal residence exemption

A reader wrote to ask about this principal residence exemption-related income tax folio, which states: 2.13 For a property to be a taxpayer’s principal residence…

  • By: Staff
  • September 20, 2017 September 5, 2018
  • 13:18

No to tax on insurance products: poll

Most Saskatchewan voters — 73% — oppose the government’s decision to add PST to a range of insurance products, reveals a poll conducted by Maple…

  • By: Staff
  • September 18, 2017 August 21, 2018
  • 12:30

The summer’s most active tax lobbyists

The results will surprise you: it’s not the usual suspects.

B.C. budget hikes tax on rich

British Columbia’s minority New Democrat government says it is starting to build the province all residents want, tabling a budget update that promises to hire…

business documents on office table with smart phone and digital tablet and graph business with social network diagram and man working in the background

Watch for this TFSA trading pitfall

Frequent trading in a TFSA could be deemed carrying on a business

Full CRA roundtable answers available from STEP

The annual CRA roundtable at the Society of Trust and Estate Society Practitioners (STEP) National Conference allows attendees to hear directly from agency representatives about…

  • By: Staff
  • September 5, 2017 August 21, 2018
  • 15:36