2021 Canada Federal Budget: Industry Highlights
Know the key takeaways and impact on major industries from the Canada Federal Budget released on April 19, 2021.
2021 Canada Federal Budget: Detailed Commentary
Understand the implications on middle-market businesses from the Canada Federal Budget released on April 19, 2021.
Achieving temporary relief from tax on CEBA loans
CEBA loan recipients could potentially defer the income inclusion until the next taxation year by making a subsection 12(2.2) election.
Massive overhaul on the horizon – Significantly expanded form T1134
Be prepared for sweeping information disclosure changes related to reporting of foreign affiliates to form T1134 coming in 2021.
Ways to optimize estate planning in the wake of COVID-19
An estate freeze provides a valuable opportunity for business owners to minimize tax both in the short term and in the long term.
Taxing the gig economy
With an increase in digital economy, understanding the OECD’s Model Rules for tax reporting for the gig economy are especially important.
Aug 2020 | Volume 34 | Issue 4
This edition discusses the following topics: Mistakes Canadians make with U.S. taxes; Update on COVID-19 federal government support; Preserve cybersecurity while working remotely; and Cleaning out your financial closet under quarantine.
2020 – 2021 federal and provincial corporate income tax rates
Corporations residing in Canada are subject to corporate income tax on worldwide income. Review the 2020-2021 corporate income tax rates.
FCA confirms that a space trip is taxable to company shareholders
Find out how shareholder benefits could arise and the potential income tax implications as a result of the In Laliberté vs Canada decision.
Departure tax for individuals emigrating from Canada
Without careful tax planning, taxpayers may be caught off guard with a tax obligation that they do not have the resources to pay.
Feb 2020 | Volume 34 | Issue 1
This edition discusses cyber security, credit scores, business identity theft, & tax ethics.