On September 13, 2022, Finance Canada announced three new support programs for individuals to help combat rising costs from inflation. The programs are proposed at this stage and will require Royal Assent before coming into effect. Additional details will…
Read more >As first discussed in our 2022 Federal Budget Commentary, Finance proposed to introduce a new rule that will tax gains arising from the disposition of a “flipped property” (including a rental property) as ordinary income. Draft legislation was released…
Read more >On August 9, 2022, Finance Canada released draft income tax technical amendments, legislation, and explanatory notes to implement outstanding Budget 2022 and other measures. Many of these measures were discussed in our Federal Budget Commentary 2022. Included in the…
Read more >High income individuals can split income with their spouse/common-law partner or children (either directly or through a trust) using prescribed rate loans. The current prescribed rate of interest is 1% until June 30, 2022 and will double to 2%…
Read more >On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. We review the highlights of…
Read more >Our recent webinar has been featured by MGI Worldwide as a “must-watch” for anybody interesting in learning about Doing Business in Canada. The Webinar provides a general overview of the Canadian and Ontario landscape, including high level insights into…
Read more >Our virtual seminar to place on Friday January 21st. Life Insurance as an Asset Class – speaker Tony Gallippi Leveraged Life Insurance – speaker Hemal Balsara Post Mortem Planning – speaker Hemal Balsara Probate Planning – speaker…
Read more >It’s tax season again and we’re offering you a checklist to make sure you compile all information necessary to complete your personal tax return. In this 2021 Personal Tax Return Checklist, you will find a list of information that…
Read more >On January 12, 2022, Finance announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing. The repayment…
Read more >COVID-19 #41 – Ontario Small Business Relief Grant Our COVID-19 Canadian Tax and Business News updates are our way of informing our clients, friends and business associates with recent information that may help businesses and individuals while coping with…
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