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The Saskatchewan Legistlative building in the background and a fountain on Wascana lake on a lovely summer day in Regina.

Saskatchewan reverses planned tax hike, will issue $500 to residents

The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer

Canadian parliament in Ottawa

Liberal tax promise tracker, end of summer edition

Here’s the status of proposals that matter to your clients

Old vintage books in a row

Disinherited children win big in Alberta and B.C. courts 

Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests

Interior view of the Canada Commons of Parliament, Ottawa

Feds move ahead with CCPC measures

Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation

image of houses

New First Home Savings Account: everything you want to know

Department of Finance releases details today that outline the age limit and allow unused contribution room to be carried forward

The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. CRA Tax

Draft legislation addresses trust reporting, anti-flipping rules

The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more

Banks

Feds soften banks’ recovery dividend in draft legislation

However, the bank and insurer surtax remains at 1.5% for profits over $100M

Stock Photo - a boy playing with grandmother at home

New and upgraded tax credits coming for clients

The Liberal government is moving ahead with tax proposals

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

CRA says it has $1.4 billion in uncashed cheques sitting in its coffers

The agency will be sending e-notifications to thousands of Canadians

senior couple

Tips for drawing down funds in retirement

Help clients prioritize the most tax-efficient assets

Canadian parliament in Ottawa

Canada could lower taxes and remain fiscally viable, says PBO

Report from the parliamentary budget officer also finds that Canada's debt level is sustainable over the long term

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

Canadians receiving an average of $2,053 in tax refunds, CRA says

The agency has processed 29.1 million tax returns so far this year

cheque with pen for business concept

Prescribed rate set to rise to 3% in Q4

As rates rise, opportunity to achieve tax savings via a family loan strategy narrows

Yatch in ocean

Luxury tax coming Sept. 1, but draft regulations still pending

Draft regulations, to be released shortly, will provide some relief to certain vehicle manufacturers

  • By: Staff
  • July 19, 2022 July 19, 2022
  • 11:34
Shelf with file folders in a archives

Busy agenda for Finance in second half of 2022

Here's a list of consultations and pending draft legislation on key tax proposals

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

Ottawa lost average of $22 billion a year in unpaid tax from 2014-2018: CRA

The agency released its first report on Canada's overall tax gap

Parliament buildings at sunset

Liberal tax promise tracker, summer edition

Here’s the status of proposals that matter to your clients

Canadian parliament in Ottawa

Budget bill receives royal assent

Luxury tax and increased eligibility for the disability tax credit are now law as Bill C-19 passes

Early spring windows cleaning. Maid cleans window

Window closing on prescribed rate loans at 1%

Beginning next month, the minimum rate that can be charged on such a loan will double

illustration of magnifying glass and tax forms

Is my client’s RRSP protected if they go bankrupt?

Creditor account protection across Canada is a jurisdictional maze

At home

Financial industry asks feds for more guidance on FHSA

Firms face tight deadline to launch new registered plan next year

Interior view of the Canada Commons of Parliament, Ottawa

Feds reintroduce legislation to create disability benefit

The Finance committee also proposed an amendment to DTC eligibility in the budget implementation bill

Canadian parliament in Ottawa

Luxury vehicle tax to bring in less than $800M over five years: PBO

Parliamentary Budget Officer estimates the tax will reduce vehicle sales by a much greater amount, however

The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. CRA Tax

CRA clarifies tax treatment of settlement payments related to RRSPs, other plans

In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans

portrait of happy asian male shopkeeper

Ontario, Quebec yet to match feds’ proposed small business tax break

The federal budget proposed increasing the level of taxable capital at which a business can still access the small business rate