Canada: Corporate Tax

Bill C-31, Canada's Budget 2025 Implementation Act No. 2, is currently before Parliament's Finance Committee with significant amendments to indirect tax rules. The legislation proposes to double the Tax Court's informal procedure threshold for GST appeals to $100,000, clarify tax treatment for credit unions, and modify imported supply rules for financial institutions dealing with insurance policies and loans connected to Canada.

British Columbia's Provincial Sales Tax continues its steady expansion into professional services and digital commerce, raising questions about whether the province is gradually returning to the harmonized sales tax model it rejected in 2013. The latest changes extend PST to accounting, architectural, real estate services, and cloud infrastructure, narrowing the gap between BC's standalone tax system and the broader HST framework.

Regulated health professionals are likely quite familiar with the annual dues that are imposed upon them by their regulatory college in order to maintain their practice within the profession. However, they may be less familiar with the deductibility of these dues when filing their annual taxes.

After years of uncertainty and last-minute relief, Canada's bare trust reporting rules have finally been settled through Bill C-15. The new regime exempts most family arrangements while requiring commercial structures like nominee corporations and joint ventures to file detailed beneficial ownership disclosures starting with the 2026 taxation year. Understanding which arrangements are caught, which are exempt, and what steps to take now is essential for compliance before the March 31, 2027 filing deadline.

Après trois années consécutives d'allègements de dernière minute, les règles fédérales régissant la déclaration des simples fiducies ont finalement été consacrées dans la loi. Le projet de loi C-15 a reçu la sanction royale le 26 mars 2026, édictant un régime révisé qui s'appliquera pour la première fois aux années d'imposition se terminant après le 30 décembre 2026. Les exemptions ont été

If your corporation is planning to continue to another jurisdiction, or CRA has flagged a corporate continuance as part of a review, the stakes just increased.

The Canadian Investment Regulatory Organization (CIRO) has published rule amendments to harmonize advisor compensation (the Amendments). Following CIRO’s 2024 position paper that consulted on three potential regulatory approaches to allow payment of advisor compensation to advisor-owned corporations for all CIRO-regulated dealer members (Dealers), the Amendments propose to adopt the Incorporated Approved Person compensation option.

Canada's intergenerational business transfer rules offer private business owners significant tax planning opportunities, but require precise execution to avoid retroactive tax consequences.

Les règles relatives aux transferts intergénérationnels d'entreprises au Canada offrent aux propriétaires d'entreprises privées l'une des stratégies de planification fiscale les plus avantageuses, mais aussi les plus complexes. Le choix de la bonne structure peut faire la différence entre gains en capital et dividendes réputés, tandis que toute erreur pendant la période de conformité peut entraîner un impôt rétroactif important.