April 16, 2024 by Sean Grant-Young, Rosa Maria Iuliano, Myriam Lesieur, Joseph Belanger
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today tabled her fourth budget – “Fairness for Every Generation.”
The following is a brief overview of the key tax measures.
If you want an overview of Canadian tax rates for 2024, you’ve come to the right place. Select from the resources below for personal and corporate tax rates for each province and territory.
March 28, 2024 by Sean Grant-Young
On March 21, the Newfoundland and Labrador government released its 2024 budget. The following are highlights of the key tax measures.
November 22, 2023 by Rosa Maria Iuliano
Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2023 Fall Economic Statement (FES) in the House of Commons on Tuesday, Nov. 21, 2023.
July 26, 2023 by Mike Hayward, Dean Morris
At Baker Tilly Canada, we are committed to helping ensure fairness and integrity in the Canadian tax system.
As part of this commitment, we are grateful for the opportunity to provide our input on the Department of Finance consultation paper regarding reform and modernization of Canada’s transfer pricing rules.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today tabled her third budget – “A Made in Canada Plan” – which plans to build a stronger, more sustainable, and a more secure Canadian economy – for everyone.
March 24, 2023 by John F. Oakey, Brenda L. Scott
On March 23, the Nova Scotia government released its 2023-24 budget. The following are highlights of the key tax measures.
March 24, 2023 by John F. Oakey, Brenda L. Scott
On March 23, the Ontario government released its 2023 budget. The following are highlights of the key tax measures.
March 23, 2023 by John F. Oakey, Brenda L. Scott
On March 23, the Newfoundland and Labrador government released its 2023 budget. The following are highlights of the key tax measures.
March 23, 2023 by John F. Oakey, Brenda L. Scott
On March 22, the Saskatchewan government released its 2023 budget. The following are highlights of the key tax measures.
March 22, 2023 by John F. Oakey, Brenda L. Scott
On March 21, the Québec government released its 2023-2024 budget. The following are highlights of the key tax measures.
In Foix v. The King, 2023 FCA 38, the Federal Court of Appeal (FCA) ruled that a distribution of funds following a hybrid sale was subject to the application of subsection 84(2) of the Income Tax Act (ITA), affirming the Tax Court of Canada (TCC) ruling, Foix v. The Queen, 2021 TCC 52.
March 8, 2023 by John F. Oakey, Brenda L. Scott
On March 7, the Manitoba government released its 2023 budget. The following are highlights of the key tax measures.
March 1, 2023 by John F. Oakey, Brenda L. Scott
On Feb. 28, the B.C. government released its 2023 budget. The following are highlights of the key tax measures.
Want to better understand Canadian tax rates for 2023? Then you’re in the right place. We’ve put together the following fact sheets to provide a convenient comparison of relevant tax rates for every Canadian province and territory.
July 26, 2022 by Riccardo Zerbino
Our new Tax Alert highlights how past amendments by the Canada Revenue Agency (CRA) to the Voluntary Disclosures Program (VDP), along with recent court decisions, demonstrate the VDP should be used with extra caution. For those seeking immunity from interest and penalties, it is clearer than ever the VDP has become more restrictive, signaling the CRA’s heightened desire to combat tax evasion.
Despite significant challenges, the outlook for the engineering and construction industry across the country remains positive and highly receptive to mergers and acquisitions.
In a new report examining the Canadian HVAC industry in Q4 2021, Baker Tilly Canada Capital Corporation analyzes the industry’s strong performance.
On April 28, the Ontario government released their 2022 budget. The following are highlights of the key tax measures. Disclaimer: The tax proposals provided in the 2022 Ontario budget are subject to change depending on the results of the pending June 2, 2022 election.
On April 12, the Manitoba government released their 2022 budget. The following are highlights of the key tax measures.