Home In Depth Special Reports Special Report on Taxes 2023

Special Report on Taxes 2023

This year’s special report examines several tax challenges facing advisors, such as what to do with TFSAs before moving outside Canada, higher interest rates on overdue overdue remittances and more.

March 12, 2023

Beware TFSA pitfalls for non-resident Canadians

In some cases, closing accounts before moving abroad might make sense

  • March 13, 2023 March 10, 2023
  • 00:10

Timely tax facts to share with clients

How section 166 certificate applies to underused housing tax, when HST applies to tips and deducting Covid benefit repayments

  • March 13, 2023 March 10, 2023
  • 00:09

Cryptoassets raise questions about foreign property disclosure

Taxpayers who do not seek advice regarding their offshore assets can easily run afoul of the T1135 reporting rules

  • March 13, 2023 March 10, 2023
  • 00:07

How can you amend a broken tax return?

Clients can make corrections on previously filed documents through online channels or using a paper form

  • March 13, 2023 March 10, 2023
  • 00:06

CRA raises late-payment penalties

Thanks to higher interest rates, charges on overdue payments will soon rise to 9%. Tax specialists offer strategies to help clients minimize costs

  • March 13, 2023 April 6, 2023
  • 00:05

Banks could make FHSAs available this spring

The account is set to be a planning powerhouse for advisors

  • March 3, 2023 March 13, 2023
  • 12:53