September 5, 2024 by Sean Grant-Young
On Aug. 12, the Department of Finance released its summer package of draft legislation and technical amendments. This proposed legislation includes substantially all outstanding measures from Budget 2024 and other previously announced amendments.
July 17, 2024 by Sameer Noormohamed, Mark Bloch
In August 2023, the Department of Finance released its draft of the Digital Services Tax Act (DSTA) with the intent to introduce legislation aiming to tax certain large domestic (and foreign) businesses on their Canadian digital services revenue.
June 11, 2024 by Sean Grant-Young
Taxpayers and advisors have been anxiously awaiting an update since April 16, when the Federal Budget dropped arguably the most significant (and controversial) change to tax policy in over 20 years.
May 29, 2024 by Thomas Blonde
Many farmers have expressed concerns about the increase in the capital gains inclusion rate. While they are right to be worried about the changes proposed in the 2024 federal budget, no draft legislation has been released yet.
May 24, 2024 by Jordan Furlong
Law firms fail to modernize because their owners won't invest present earnings to finance future growth. If your law firm can change that, then the sky's the limit.
May 24, 2024 by Nick Jarrett-Kerr
In this article I examine the main reasons why professional firms typically are littered with uncompleted strategic projects and failed initiatives. The ten obstacles that I have identified can, of course, be addressed by better processes. In addition, I plan to set out in an ensuing article what I consider to be the four starting principles that provide both the foundations and the platform for successful strategic planning and execution.
May 24, 2024 by Mike White
I work with as many “mid-sized” commercial law firms as I work with large regional, national or global law firms. As the industry continues its multi-decade embrace of operating scale (bigger is better, or at least more efficient!), what does this trend mean for commercial firms that do not choose to anchor their success to hiring more lawyer bodies across which to allocate their fixed costs?
May 24, 2024 by Candace Baker
More and more, customers place importance on the values of the companies that they interact with. One 2020 survey found that 71 per cent of consumers prefer buying from companies aligned with their values, and noted that the sentiment is especially strong among younger generations.
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.