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Bare trusts still must file an underused housing tax return

April 30 deadline looms for 2022 and 2023 UHT returns 

Quebec flag billowing in the breeze

Quebec raises amount of capital gains subject to tax

Move mirrors announcement from the federal budget tabled Tuesday

Downtown Vancouver, BC with bridge over harbour

Underused housing tax to generate $694 million: PBO report

PBO said the costs to administer the UHT could "significantly reduce" revenue generated

Canadian flags in business district

Ottawa to force banks to label carbon rebate in direct deposits

Some banks, but not all, have amended their procedures

  • By: Mia Rabson
  • April 19, 2024 April 19, 2024
  • 10:11
gavel

CIFP sues FP Canada for agreement breach, trade libel

Claim asks for $1.2 million in damages arising from dispute over regulator-approved credentials for title protection

TD bank. stock photo

TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon

TD working to fix anti-money laundering program, exec says

Successful mature indian businessman sitting on couch typing on laptop with wireless earphones. Mixed race businessman sitting on couch while working from home during video call. Happy multiethnic business man in casual clothing working on computer.

Virtual-only meetings erode shareholder democracy, group warns

Warning follows revised guidance from the CSA on virtual shareholder meetings

businessman running away from taxman

Tech industry warns capital gains proposals could cause ‘irreparable harm’

The federal budget is being met with disdain from Canada's innovation industry

Advisor tracking stocks

Tech roundup: U.S. software firm releases retirement planning tools

Also, Webull launches desktop platform

Black mom and daughter reading a book sitting on sofa smiling

Budget extends Canada Child Benefit, sets up autoenrollment for RESPs

Government also allocates $60 million toward free financial advice

  • By: IE Staff
  • April 16, 2024 April 16, 2024
  • 18:57
Crypto coins

Canada to require cryptoasset reporting by 2027

Central bank digital currencies will be classified separately, but also have new reporting standards

The company which employing disable people will receive tax deductions benefits.

Canada Disability Benefit gets $6.1B in funding

Maximum annual benefit is $2,400, and payments expected to begin in July 2025

CRA receives boost from Budget 2024

Automatic tax filing pilot to benefit low-income Canadians

Businessman calculating and checking articles of agreemen

Entrepreneurs to get tax break on capital gains inclusion

Feds propose Canadian Entrepreneurs’ Incentive

Binder with papers

Budget 2024 expands CPP benefits

The death benefit has been doubled for some contributors

House of commons

Feds clarify requirements for EOT tax exemption on capital gains

Budget 2024 provided details on how exiting business owners can qualify

House of Commons in Ottawa

Feds provide fix to new AMT regime to ease charities’ concerns

Individuals can claim 80% of donation tax credit, up from previously proposed 50%

Canada Parliament and Canadian Flag over blue sky.

Feds raise capital gains inclusion rate to 66.6% for high earners, starting June 25

Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts

Canadian Parliament in Ottawa

Budget 2024 pledges $53B in new spending

Government keeps $40-billion deficit from rising in annual budget

Filing a tax document online

CRA launches new verification method for online access

The new verification process will be more convenient, but not all taxpayers will benefit

Wood homes under construction

Feds to propose funding for CRA real estate audits in 2024 budget 

Ottawa said it is targeting tax fraud in the housing sector

Horn speaker for public relations sign symbol, vintage color - sun with blue sky

FP Canada announces CFP exam results for February

Pass rate for first timers was 72%

  • By: IE Staff
  • April 12, 2024 April 12, 2024
  • 15:12
skyscrapers in Manhattan at sunset, New York City

JPMorgan again warns investors about uncertain year ahead

Warning comes as big U.S. banks issue mixed profit reports

Canadian flags in business district

OSFI limiting leverage in bank mortgage portfolios

Measure aims to reduce risk of borrowers being unable to pay their loans

pot hole bad roads

Title protection harmonization faces bumpy road

As Ontario stakeholders fume over the latest approved credential, other provinces consider the correct course