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.
April 5, 2024 by Sean Grant-Young
On April 2, the Manitoba government released its 2024 budget. The following are highlights 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.
April 2, 2024 by Sean Grant-Young
On March 28, 2024, the Canada Revenue Agency (CRA) announced it would no longer require bare trusts to file a T3 Income Tax and Information Return (T3 return) – including Schedule 15 (Beneficial Ownership Information of a Trust) – for the 2023 tax year unless the CRA makes a direct request for these filings. This announcement recognizes the new reporting requirements for bare trusts have had an unintended impact on Canadians.
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.
March 27, 2024 by Sean Grant-Young
On March 26, the Ontario government released its 2024 budget.
March 22, 2024 by Sean Grant-Young
On March 20, the Saskatchewan government released its 2024 budget. The following are highlights of the key tax measures.
March 20, 2024 by Sean Grant-Young
On March 19, the New Brunswick government released its 2024 budget. The following are highlights of the key tax measures.
March 14, 2024 by Sean Grant-Young
On March 12, the Québec government released its 2024 budget. The following are highlights of the key tax measures.
March 5, 2024 by Sean Grant-Young
On Feb. 29, the Prince Edward Island government released its 2024 budget. The following are highlights of the key tax measures.
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.
March 4, 2024 by Sean Grant-Young
On Feb. 29, the Nova Scotia government released its 2024 budget. The following are highlights of the key tax measures.
February 29, 2024 by Sean Grant-Young
On Feb. 27, 2024, the Nunavut government released its 2024-25 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.
January 17, 2024 by Sean Grant-Young
New trust reporting rules, effective Jan. 1, 2024, introduce several significant changes aimed at increasing transparency and compliance in the management of trusts. These rules apply to trust taxation years ending on or after Dec. 31, 2023.
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.
November 9, 2023 by Mike White
Since law firms became professionally managed businesses, the profit-generating flywheel of firms has kicked into higher gear. While correlation does not equal causation, law firm financial performance is exceeding all 12‑15‑year‑old expectations of market watchers. With so much financial success in the rearview mirror, how do ambitious firms capture new...