Tax News

New trust reporting rules include in-trust accounts, jointly owned assets

Find out if your client is subject to the requirements

By Vivek Bansal |December 13, 2023

3 min read

New penalty remains as GAAR legislation tabled

Officials have no room to distinguish between cases driven by aggressive tax planning and those involving legitimate uncertainty

By Michael McKiernan |December 8, 2023

3 min read

Feds make two key changes to family business transfer rules 

Bill C-59 addresses issues flagged in the draft legislation

By Rudy Mezzetta |December 7, 2023

2 min read

U.S. Supreme Court signals it will uphold a tax on foreign income and leave a wealth tax for another day

Justices voiced concerns that a case challenging a provision of the 2017 tax bill would threaten other provisions of the tax code

By Mark Sherman, The Associated Press |December 5, 2023

3 min read