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, 2018The cumulative TFSA contribution limit in 2019 will be $63,500
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
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
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
Senate committee's recommendations would increase enrolment and make accessing funds easier for planholders
The CRA is increasing efforts to collect taxes due on assets held offshore. Clients who fail to comply could face hefty penalties
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
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
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
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
The 2025 ETF Guide provides a snapshot of how these products are evolving, from industry-wide trends to regulatory changes, along with some of this year’s…
Everything financial advisors need to know about this year’s federal budget
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