Mondaq Canada: Tax
Crowe MacKay LLP
One of life's major milestones is having your first child. But when you're waking up at 2:00AM to a fussing baby or a scared child telling you there is a monster under their bed, tax planning is probably the last thing on your mind.
Collins Barrow National Incorporated
Effective for the 2015 tax year, the maximum amounts that can be claimed for the Child Care Expense Deduction will increase.
Torys LLP
As discussed in our prior bulletin, the newly elected Liberal government indicated in its electoral platform that it intended to make certain tax-related changes, including changes to the tax treatment of stock options.
Crowe MacKay LLP
For most individuals, the purchase of a first home will be the largest purchase that they will make in their lifetime.
Borden Ladner Gervais LLP
At the Canada Revenue Agency (CRA) Round Table held on November 24, 2015 at the 2015 Canadian Tax Foundation Annual Conference in Montréal, the CRA made an announcement that will be helpful to many Canadian subsidiaries of multinational groups who borrow from non-Canadian group members in currencies other than the Cdn.$.
Collins Barrow National Incorporated
The nil consideration election for GST/HST purposes in section 156 of the Excise Tax Act (ETA) was updated recently with changes in effect Jan. 1, 2015.
Collins Barrow National Incorporated
The newly elected Liberal government released its Update of Economic and Fiscal Projections on Friday, November 20, bringing with it some much-needed clarity on a particularly sensitive subject.
Minden Gross LLP
The Small Business Deduction is an incredibly lucrative tax break for family-owned businesses. But what the Canada Revenue Agency gives it can also take away.
Collins Barrow National Incorporated
Unlike other countries in the developed world, U.S. citizens residing in Canada are required to file income taxes in both Canada and the United States.
Grant Thornton
Each year, Registered Retirement Income Fund (RRIF) holders must withdraw a required minimum amount, which is then taxed as income in the year of withdrawal.
Bennett Jones LLP
On November 19, 2015, the Supreme Court of Canada granted leave to appeal in Canada (A.G.) v. Groupe Jean Coutu (PJC) inc., 2015 QCCA 838, which addresses the question of when rectification will be granted in the tax context.
Grant Thornton
Failure to file the election with CRA on a timely basis may result in assessments for the otherwise applicable tax plus associated interest.
McMillan LLP
On November 4, 2015, the leader of the Liberal Party of Canada, Justin Trudeau, was officially sworn in as Canada's 23rd Prime Minister.
Davies Ward Phillips & Vineberg
As part of the 2014 federal budget, the Canadian government enacted significant changes to the taxation of estates and trusts that come into force on January 1, 2016.
Goodmans LLP
This is welcome news to current optionholders who were faced with the difficult decision of whether to prematurely exercise existing options.
Davies Ward Phillips & Vineberg
The newly elected Liberal government indicated in its election platform that it intends to increase taxes on employee stock option benefits by limiting Canadian resident employees from claiming the stock option deduction (i.e., the capital gains equivalent taxation) in respect of option benefits in excess of $100,000 annually.
Osler, Hoskin & Harcourt LLP
Earlier today, the Canadian Government released its Update of Economic and Fiscal Projections 2015.
Miller Thomson LLP
In a recent Interpretation (CRA Views No. 2015-0573841C6) (the "Interpretation"), the Canada Revenue Agency ("CRA") discussed its position on a distribution of an interest in a life insurance policy...
Miller Thomson LLP
Amendments to the Income Tax Act (Canada) (the "Act") affecting the Trusts and, in particular, surviving spouses or life interest beneficiaries of the Trusts, were enacted on December 16, 2014...
Bull, Housser & Tupper LLP
Parliament recently enacted significant changes, beginning in 2016, to the taxation of estates, trusts and charitable giving on death.
Latest Video
Most Popular Recent Articles
McMillan LLP
As widely predicted, Budget 2015 proposes to reduce the amount that annuitants are required to withdraw from a Registered Retirement Income Fund ("RRIF") in 2015 and subsequent taxation years.
Moodys Gartner Tax Law LLP
Why would a country with a seven to ten year wait list to acquire citizenship have so many citizens headed for the exit?
Collins Barrow National Incorporated
On July 1, 2014, a Canada/U.S. intergovernmental agreement (IA) came into effect requiring financial institutions in Canada to begin identifying "U.S. person" account holders (for example, U.S. citizens and U.S. residents) for the purposes of disclosing specific information to the U.S. Internal Revenue Service.
WeirFoulds LLP
Elderly parents will often put their money into bank accounts held jointly with their adult children, or transfer real property into a joint tenancy with one or more of their adult children.
Moodys Gartner Tax Law LLP
In its 2015 budget, the federal government announced a commitment to implement the OECD's common reporting standards starting in July 2017 and reaffirmed Canada's commitment to introduce draft legislation in 2015.
Crowe Soberman LLP
We've all felt it - that sense of impending doom when we check our mailbox and find a letter from the Canada Revenue Agency questioning an item in our tax return.
Moodys Gartner Tax Law LLP
This paper provides analysis of one of the foundational elements of the Foreign Account Tax Compliance Act (FATCA) and various intergovernmental agreements (IGAs)...
McLennan Ross LLP
Effective on January 1, 2016, there will be significant changes to the manner in which trusts created under a will are subject to income tax.
Grant Thornton
With the election of a majority Liberal government on October 19, there's no doubt that we will see a number of tax changes over the next four years.
Crowe Soberman LLP
In most cases, a taxable Canadian corporation can pay dividends to another taxable Canadian corporation and such dividends do not attract corporate tax, as long as the recipient corporation is connected to the payor corporation.
Article Search Using Filters
Related Topics
Mondaq Advice Centre (MACs)
Popular Authors
Popular Contributors
Font Size:
Mondaq on Twitter