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Special Report on Taxes 2018

Investment Executive brings you insights on future tax policy, recent changes to the way passive income within a corporation is taxed, new split income rules, high-frequency trading within TFSAs, tax filing requirements for trusts, voluntary disclosure, yearend tax tips and much more.

November 19, 2018

TFSA annual contribution limit rises to $6,000

The cumulative TFSA contribution limit in 2019 will be $63,500

  • November 19, 2018 October 31, 2019
  • 13:45

Little leeway for feds in next budget

Solid economic growth and the recently negotiated U.S./Mexico/Canada Agreement for trade are points of strength, but the large deficit doesn't give Ottawa much room to address the widening cross-border tax gap

  • October 12, 2018 November 9, 2019
  • 00:16

Handling passive-investment rules

Recent changes to the way that active business income earned within a private corporation is taxed may affect some of your high net-worth clients

  • October 12, 2018 November 9, 2019
  • 00:15

Income splitting in the age of TOSI

Although the new "tax on split income" rules target adult children and spouses of business owners, there are exceptions that permit income splitting under certain circumstances

  • October 12, 2018 November 9, 2019
  • 00:14

Changes coming for RDSPs?

Senate committee's recommendations would increase enrolment and make accessing funds easier for planholders

  • October 12, 2018 November 9, 2019
  • 00:13

Coming clean on foreign property

The CRA is increasing efforts to collect taxes due on assets held offshore. Clients who fail to comply could face hefty penalties

  • October 12, 2018 November 9, 2019
  • 00:12

Changes to VDP raise questions

The CRA revised its voluntary disclosure program, which may deter some taxpayers from coming forward. Applications to the program are down significantly since the changes were introduced in March

  • October 12, 2018 November 9, 2019
  • 00:11

Running a business through a TFSA?

The CRA is targeting advisors who appear to be engaging in high-frequency trading and day trading to boost their TFSA earnings. Some advisors say the audits are unfounded and more clarity is needed on the rules

  • October 12, 2018 November 9, 2019
  • 00:10

New trust rules coming

Beginning in 2021, most family trusts will be required to file tax returns with the CRA even if those trusts don't earn income or make distributions. The CRA also is seeking more information about settlors, trustees and beneficiaries

  • October 12, 2018 November 9, 2019
  • 00:09

Most provinces standing pat

With various provincial elections slated for next year and uncertainty surrounding the introduction of a federal carbon tax, there were not many tax changes implemented by the provinces this year. B.C. was a notable outlier

  • October 12, 2018 November 9, 2019
  • 00:08