Tax-News.com: Canada Tables Budget Implementation Bill

Tax-News.com: Canada Tables Budget Implementation Bill by Mike Godfrey, Tax-News.com, Washington 14 April 2017 Canadian Finance Minister Bill Morneau has introduced legislation into the House of Commons to implement changes to individual tax credits announced in last month’s Budget. The Budget Implementation Act, 2017, No. 1, introduced on April 11, 2017, simplifies […]

Read more

Everything you need to know about fee deductibility

Everything you need to know about fee deductibility Efficient tax planning requires a thorough knowledge of your client’s situation. That includes understanding the tax treatment of the fees your client pays. In this series of articles, you’ll learn which investment fees are deductible and how those fees are treated by CRA in various structures, funds […]

Read more

Tax-News.com: Canadian CEOs Weigh In On US Tax Reform

Tax-News.com: Canadian CEOs Weigh In On US Tax Reform by Mike Godfrey, Tax-news.com, Washington 12 April 2017 A majority of senior Canadian executives believe that if the US lowers corporate tax rates, Canada should follow suit, according to a new survey. The Gandalf Group has published the 46th Quarterly C-Suite Survey, sponsored by KPMG and […]

Read more

Estate freezes: when estate and family law converge

Estate freezes: when estate and family law converge An estate freeze is a popular strategy among Canadian business owners. But what many don’t realize is that the manner in which the estate freeze is set up can have significant implications in family law. Review: What’s an estate freeze? An estate freeze is a sophisticated tax […]

Read more

How new Principal Residence Exemption rules affect trusts

How new Principal Residence Exemption rules affect trusts As Budget 2017 reminded us, new Principal Residence Exemption (PRE) rules have been in effect since October 3, 2016. Those rules changed reporting requirements and excluded non-residents from certain provisions. But it’s the new rules around trusts and principal residences that will cause “the most consternation for […]

Read more

Posts navigation