Budget 2024

Everything you need to know about this year’s federal budget

May 7, 2024

On which home should you claim the principal residence exemption?

Homeowners must now consider the proposed higher capital gains inclusion rate

  • May 7, 2024 May 7, 2024
  • 17:05

Tax group asks feds to allow deemed sales ahead of capital gains change

Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says

  • May 6, 2024 May 6, 2024
  • 14:44

Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends and deductions

  • May 3, 2024 May 13, 2024
  • 13:27

Don’t rush to sell assets due to higher inclusion rate, experts say

Determining how long the client was going to hold the asset is an important factor in the decision

  • April 30, 2024 April 30, 2024
  • 10:58

Feds to give CRA new powers to compel data from taxpayers

The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

  • April 25, 2024 April 25, 2024
  • 16:23

Higher capital gains inclusion rate and mutual funds

Mutual fund corporations can pass gains to unitholders

  • April 25, 2024 April 25, 2024
  • 12:20

Budget softens mandatory tax disclosure regime

While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

  • April 23, 2024 April 24, 2024
  • 11:13

Quebec raises amount of capital gains subject to tax

Move mirrors announcement from the federal budget tabled Tuesday

  • April 19, 2024 April 19, 2024
  • 13:28

Ottawa to force banks to label carbon rebate in direct deposits

Some banks, but not all, have amended their procedures

  • April 19, 2024 April 19, 2024
  • 10:11

TFSAs, RRSPs and more could see changes in allowed investments

Qualified investments review could lead to lower costs for investors but also restrictions

  • April 17, 2024 April 17, 2024
  • 15:08