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.
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 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.
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 9, 2023 by Leon Sacks
Perhaps second only to brand and reputation, partners represent a law firm’s most valuable asset.
November 9, 2023 by Keith Ecker
This is the year of ChatGPT. The large language model‑based chatbot now boasts more than 100 million users, and that number likely will continue to increase. Already the technology has become a major disruptor in various areas of life, from education, where schools are debating how to draft policies dictating students’ use of the technology, to Hollywood, where writers continue to strike in part due to the looming threat that AI poses to their jobs.
October 26, 2023 by Thomas Blonde
One of the most common questions we get from our farm clients is how their business should be structured.
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.
August 4, 2023 by John F. Oakey
Among its wide‑ranging tax measures and initiatives, Budget 2023 provides long‑awaited clarity on the issue of intergenerational transfers.