Budget 2024 was tabled in the House of Commons on April 16, 2024. Among other taxation initiatives proposed, the federal government announced significant changes to the capital gains inclusion rate, … Read More
As part of the Manitoba Budget 2024 titled “One Future. One People. One Manitoba.” the provincial government announced a Rental Housing Construction Tax Credit (RHC), effective for the 2024 tax … Read More
On March 28, 2024, the Canada Revenue Agency (CRA) announced that it will exempt “bare trusts” from the updated trust reporting rules for 2023. For more information on the trust … Read More
Authors: Saravan Veylan and Anna Schlagintweit
British Columbia recently announced that it intends to pass provincial legislation that imposes a home flipping tax (the “Tax”) in an effort to increase and … Read More
The federal government recently provided additional information on the Clean Hydrogen Investment Tax Credit (the Clean Hydrogen ITC) that will refund up to 40% of investments in energy projects that … Read More
At its core, a trust is a legal arrangement wherein a person, known as the settlor, transfers assets to one or more trustees, who manage those assets in accordance with … Read More
Authors: Jennifer Williams and Anna Schlagintweit
On November 22, 2023, the British Columbia government announced a potential expansion of the application of the Speculation and Vacancy Tax Act (British Columbia) (the … Read More
The Canada Revenue Agency (CRA) has introduced a new administrative policy for determining a remote employee’s province of employment for payroll purposes (the New Policy).
New primary and secondary indicators are … Read More
The Tax Court of Canada’s decision in Gaudreau v The King, 2023 CCI 115 (Gaudreau) and recent changes to the Income Tax Act (the Act) highlight the importance of solicitor-client … Read More
In the recent decision of Deans Knight Income Corp v Canada, 2023 SCC 16 [Deans Knight], the Supreme Court of Canada gave an expansive interpretation respecting GAAR. The decision shows … Read More
