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Audit and accounting Indirect tax Tax advisory
Key takeaways from the GST/HST holiday tax break
The Canadian government is temporarily eliminating GST/HST on select items from Dec. 14, 2024, to Feb. 15, 2025. Businesses and consumers should prepare accordingly.
Dec 6, 2024
Tax Flash (Use this one going forward)
Alert Private enterprise Indirect tax Tax advisory Government and public services
The new GST/HST holiday
The government proposes removing GST/HST on groceries and essential holiday items from Dec. 14, 2024, to Feb. 15, 2025, to assist Canadians with rising living costs.
Nov 27, 2024
Indirect Tax alert (Use this one going forward)
Succession and estate planning Private sector consulting
Intergenerational business transfers
Among its wide‑ranging tax measures and initiatives, Budget 2023 provides long‑awaited clarity on the issue of intergenerational transfers.
Sean Grant-Young Nov 7, 2024
Publications-Intergenerational business transfers
Tax advisory
Navigating the complexity of today’s tax compliance
In 2024, Canadian accountants and businesses, especially owner/managers, face increasingly complex tax laws, with fewer resources compared to larger corporations to manage these challenges.
Sean Grant-Young Oct 23, 2024
411 PEOPLE
Business advisory services Valuations Private enterprise Tax advisory
A new strategy for selling businesses
The federal government will raise the capital gains inclusion rate from 50% to 66.7%, impacting business investment and those planning to sell.
Mike McIsaac Sep 17, 2024
50 BUIDINGS
Alert Advisory Private enterprise Grants and incentives
Budget 2024 summer draft updates and amendments
On Aug. 12, the Department of Finance released its summer package of draft legislation and technical amendments, covering most outstanding measures from Budget 2024 and prior announcements.
Sean Grant-Young Sep 5, 2024
Dark stormy waters with a big whitecap.
Alert Indirect tax Tax advisory
Part II – Capital gains inclusion rate
In Part II of the Budget 2024 summer draft updates and amendments, blended capital gains rate may cause overpaid dividends due to timing mismatch in Capital Dividend Account calculations.
Sean Grant-Young Sep 5, 2024
Tax alert (Use going forward)
Alert Audit and accounting Scientific research and experimental development
Part III – Trust reporting and other technical amendments
In Part III of the Budget 2024 summer draft updates and amendments, trust reporting expands alongside technical compliance clarifications.
Sean Grant-Young Sep 5, 2024
Tax alert (Use going forward)
Alert Business advisory services International Cross-border personal
Part IV – Global Minimum Tax Act
In Part IV of the Budget 2024 summer draft updates and amendments, trust reporting expands alongside technical compliance clarifications.
Sean Grant-Young Sep 5, 2024
Tax alert (Use going forward)
Alert Private enterprise Grants and incentives
Part I – Canadian Entrepreneurs’ Incentive (and more)
In Part I of the Budget 2024 summer draft updates and amendments, Canada’s new Entrepreneurs’ Incentive draft law sparks debate over restrictive qualification criteria and industry pushback.
Sean Grant-Young Sep 5, 2024
Tax alert (Use going forward)
Alert Business advisory services Private enterprise Indirect tax
Digital services tax act update
In August 2023, the Department of Finance released the draft Digital Services Tax Act (DSTA), aiming to tax large domestic and foreign businesses on their Canadian digital services revenue.
Sameer Noormohamed Mark Bloch Jul 17, 2024
A bright white iceberg, half submerged in turquoise waters.
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