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.
April 11, 2024 by Diana Cameron
A recently obtained Canada Revenue Agency (CRA) internal communiqué – dated May 17, 2023 – states “effective the date of this communiqué, CRA appraisers will report Fair Market Value (FMV) as inclusive of GST/HST.” This is good news for builders, reducing appeals and objections resulting from disputes with the CRA on FMV as it relates to self‑supply of residential complexes.
March 4, 2024 by Sean Grant-Young
On Feb. 29, the Alberta government released its 2024 budget. The following are highlights of the key tax measures.
February 27, 2024 by Sean Grant-Young
On Feb. 22, 2024, the British Columbia government released its 2024 budget. The following are highlights of the key tax measures.
Navigating the various Canadian and U.S. tax deadlines throughout the year can be tricky. Our 2024 tax deadline calendar provides a monthly snapshot of important dates that could apply to you or your organization. It can help you stay on top of your obligations, discover overlooked deadlines and avoid unwanted surprises.
December 1, 2023 by Bud Arnold
The simplest part of tax compliance and planning for a farm should be the family home. However, tax issues related to farmhouses abound! Let’s unpack a few of the more common concerns.
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.
October 4, 2023 by Ben Berci
The Canada Revenue Agency (CRA) recently released an update to its Underused Housing Tax Notice (UHTN15) – Question and Answers about the Underused Housing Tax (UHT). The new questions and answers address issues related to partnerships, common estate planning, financing scenarios and more.
September 21, 2023 by Mark Bloch, Sameer Noormohamed, Ashley Baldwin
Recently, the federal government announced plans to propose an increased GST rebate for new residential rental buildings.
June 13, 2023 by John F. Oakey, Brenda L. Scott
On May 25, the PEI government released its 2023 budget. The following are highlights of the key tax measures.
May 15, 2023 by Melinda Fleming
Planning to build or substantially renovate a residential rental property? Whether it’s a small rental house or large apartment tower, property developers in Canada are subject to strict GST/HST obligations.
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 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.
February 1, 2023 by Ben Berci
The Underused Housing Tax Act (UHTA) is law1, and the first filing date is only months away.
With so many Canadian and U.S. tax deadlines spread throughout the year, everyone could use an occasional reminder. Our 2023 tax deadline calendar provides a convenient month‑by‑month summary of key dates that could apply to you. You might even notice a few obligations that slipped your mind. If you don’t like getting caught by surprise, you’ll love our tax deadline calendar.
September 22, 2022 by William Bishop
Over the past two years, real estate prices have soared in many areas of the country, and increasing sales prices combined with the growing difficulty crossing the border due to the pandemic has led to a dramatic increase in non-residents selling cottages, rental properties and commercial properties in Canada.
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.