Tax News

Tax News

CRA to increase filing requirements for trusts

Part of an effort to counter tax avoidance

By Mark Burgess |February 27, 2018

3 min read

Industry

Feds to tie passive income threshold to small business deduction

The new rules take a different approach; no changes to income splitting

By Mark Burgess |February 27, 2018

5 min read

Industry

How to use bitcoin to purchase goods

Here's a look at a single bitcoin transaction in the U.S.

By Staff, with files from The Associated Press |February 27, 2018

5 min read

Tax News

Pleading not GILTI: tax deferral strategies for Canadian-resident U.S. citizens

The story behind global intangible low-taxed income

By Max Reed |February 23, 2018

5 min read

Tax News

Tax financial transactions, close loopholes, CCPA says in alternative budget

With the federal budget only a few days away, think tank Canadian Centre for Policy Alternatives (CCPA) is calling on the Liberal government to tax financial transactions, inheritances and capital gains at higher rates. “Closing unfair and ineffective tax loopholes (or tax expenditures), while making the tax system simpler and fairer, could raise $18 billion […]

By Staff |February 22, 2018

2 min read

Estate Planning

How retirees can accumulate RRSP room

Find out what types of income add to the calculation of deduction room

By Wilmot George |February 22, 2018

4 min read

Economic Indicators

More to watch than tax reform in the U.S.

There are also some macroeconomic factors to monitor

By Jessica Bruno |February 22, 2018

3 min read

Tax News

Tax credits and benefits for students

Post-secondary students with little or no income can still take advantage of tax credits and deductions. Make sure clients with children at university and college get their kids to file their taxes and claim the benefit payments they’re entitled to. Read: Coach clients with a newly empty nest Courtesy of CRA, here are the top […]

By Staff |February 21, 2018

3 min read

Tax News