News and resources for Canada's top financial advisors
Est. 1998
Tax News
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
Industry
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 results will surprise you: it’s not the usual suspects.
By Simon Doyle |September 12, 2017
3 min read
Economic Indicators
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
Frequent trading in a TFSA could be deemed carrying on a business
September 7, 2017
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 tax policy and administration. This year’s roundtable, held June 13, revealed that CRA had collected $75 million to date as a result of TFSA audits. The roundtable also covered dual […]
By Staff |September 5, 2017
The Canada Revenue Agency is going to offer more services to rural communities
Find out what's new as of Sept. 1
By Sara Tatelman |August 30, 2017
The Hill Times explains why
By Staff |August 28, 2017
In 2016 the average Canadian family paid nearly twice as much of income in taxes as on housing
By Staff |August 25, 2017
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