Tax News

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 for a particular year, he or she must designate it as such for the year and no other property may have been so designated by the taxpayer for the year. […]

By Staff |September 20, 2017

2 min read

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 Leaf Strategies on behalf of Advocis. Read: Tax on insurance premiums in Saskatchewan coming soon Further, 77% say taxing insurance is “unfair,” and 73% say the tax will cause people […]

By Staff |September 18, 2017

1 min read

The summer’s most active tax lobbyists

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

By Simon Doyle |September 12, 2017

3 min read

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 3,500 teachers and build rental units and homes for the homeless — while hiking taxes at the top end. The budget includes tax measures that lowers the corporate income tax […]

By Staff, with files from The Canadian Press |September 12, 2017

4 min read