Budget 2024

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

July 24, 2024

Quirk in capital gains tax rules raises risks for incorporated clients

A company could face 60% tax on unintentional payout of excess amounts from its capital dividend account

  • July 24, 2024 July 24, 2024
  • 14:30

Industry groups want looser rules for qualified investments

IIAC and PMAC call for simpler requirements for investments held in TFSAs, RRSPs and more

  • July 17, 2024 July 18, 2024
  • 15:23

How should trusts flow out capital gains to beneficiaries in 2024?

Trusts must disclose pre- and post-June 25 gains or face negative tax consequences

  • July 5, 2024 July 5, 2024
  • 16:57

Tax advisors on high alert as revamped GAAR takes effect

The revised anti-avoidance rules represent a shift in the CRA’s approach

  • July 4, 2024 July 4, 2024
  • 08:15

2 ways for mutual funds to handle higher capital gains inclusion rate

Funds can choose the option more favourable to fund holders — though detailed calculation comes with challenges

  • June 28, 2024 July 18, 2024
  • 13:57

Revised AMT, intergenerational business transfer rules now law

Budget implementation bills C-59 and C-69 received royal assent late Thursday

  • June 21, 2024 June 21, 2024
  • 14:30

Capital gains reserve more beneficial after inclusion rate hike

Clients may be able to use the $250,000 threshold over multiple years

  • June 19, 2024 June 21, 2024
  • 17:42

Feds offer few carveouts to capital gains inclusion rate hike

June 25 is indeed the date that the hike will take place

  • June 10, 2024 July 10, 2024
  • 16:54

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 June 13, 2024
  • 11:27