Budget 2024

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

May 17, 2024

Estate-planning trusts will be hit hard by CGIR hike

Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

  • May 17, 2024 May 17, 2024
  • 16:05

When is the latest clients can sell assets prior to June 25?

Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

  • May 17, 2024 May 17, 2024
  • 11:27

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