Claims of home-office expenses increased 41% last tax season
Some employees may have larger deductions using detailed method relative to temporary flat-rate method
- By: Michelle Schriver
- February 3, 2025 February 3, 2025
- 14:55
Latest news in Industry News
Industry moves this week
TD promotes Ryan McNally, plus moves at Financial Horizons, Harbourfront and FSRA
- By: Alisha Hiyate
- January 31, 2025 January 31, 2025
- 16:56
RBC quits UN-backed Net-Zero Banking Alliance
Bloomberg New Energy Finance ranked RBC as having the worst ratio of clean energy to fossil fuel funding among major global banks
- By: The Canadian Press
- January 31, 2025 January 31, 2025
- 16:16
Finance defers increase to capital gains inclusion rate to 2026
Deferral provides certainty to taxpayers, finance minister says
- By: Michelle Schriver
- January 31, 2025 January 31, 2025
- 12:53
CRA interest rate on overdue tax to hold steady in Q2
Prescribed rate for the second quarter to remain at 4%
- By: Michelle Schriver
- January 31, 2025 January 31, 2025
- 11:40
Federal government posts $22.7B deficit from April-to-November period
Over the same period last year, the government posted a $19.1B deficit
- By: The Canadian Press
- January 31, 2025 January 31, 2025
- 11:07
Government unlikely to reach fiscal objective: PBO
Government needs to find $50B by 2029-30 to increase odds of reducing debt-to-GDP ratio
- By: Jonathan Got
- January 30, 2025 January 30, 2025
- 15:18
Legal challenges to capital gains tax changes aim to restore certainty to taxpayers
CRA is “trying to have it both ways,” legal counsel says
- By: Michelle Schriver
- January 29, 2025 January 30, 2025
- 16:16
Viver to deliver group disability insurance online
Insurtech in B.C., Alberta and Ontario seeks licensing in 3 more provinces
- By: Jonathan Got
- January 29, 2025 January 29, 2025
- 13:38
Tech roundup: Wealthtech raises US$20M Series B funding
And, ATB Financial adopts Google AI
- By: Jonathan Got
- January 29, 2025 February 25, 2025
- 11:55
AIMCo cuts 19 employees, including DEI program lead
Decision comes after Alberta's Finance Minister fired the board of directors and CEO in November
- By: Jack Farrell, Canadian Press
- January 29, 2025 January 29, 2025
- 10:32
Canadian retirement readiness little improved: NIA
Social isolation, financial insecurity, health care barriers plague retirees
- By: Jonathan Got
- January 28, 2025 January 28, 2025
- 17:22
FSRA consults on new rule for MGAs
Proposal builds on amendments for separate licensing, introduces requirements for life agents
- By: Michelle Schriver
- January 28, 2025 January 28, 2025
- 16:01
CFA Society Toronto announces winners of undergraduate awards
Finance and economics students were recognized for their academic, professional and extracurricular achievements
- By: Noushin Ziafati
- January 28, 2025 January 27, 2025
- 06:22
Industry moves this week
A mix of executive and advisor moves were announced
- By: Alisha Hiyate
- January 24, 2025 April 10, 2025
- 16:08
Form T2200 has 2 changes for 2024 tax filing
Updates related to home office expenses aim for simplicity
- By: Michelle Schriver
- January 24, 2025 February 20, 2025
- 15:47
In-kind securities not part of extended deadline for charitable donations
Finance releases draft legislation, adds to tax-filing uncertainty
- By: Michelle Schriver
- January 23, 2025 January 23, 2025
- 17:23
OneDigital makes first foray into Canada with PWL buy
The U.S. firm says it has 'long-term' plans here
- By: Alisha Hiyate
- January 23, 2025 April 10, 2025
- 17:03
Symbolic, not blanket retaliation appropriate in face of U.S. tariffs
2.4 million Canadian jobs exposed to potential U.S. tariffs
- By: Jonathan Got
- January 23, 2025 January 23, 2025
- 15:50
Immigration caps will decrease real GDP: PBO
GDP per capita will rise as population remains steady over the next three years
- By: Jonathan Got
- January 23, 2025 January 23, 2025
- 13:44
Tax reminder: Clients with short-term rental income must comply with rules or lose deductions
Non-compliance results in denial of expense deductions, raising taxable income
- By: Michelle Schriver
- January 22, 2025 April 10, 2025
- 15:25
Lack of transparency, accountability contributed to deficit: PBO
Auditor General took record-long 253 days to sign public accounts
- By: Jonathan Got
- January 22, 2025 January 22, 2025
- 15:12
Help clients 65 and older make the most of their tax returns
Here's a cheat sheet of helpful credits, benefits, deductions and expenses
- By: IE Staff
- January 21, 2025 January 22, 2025
- 16:16
Rising costs, debt obstacles to retirement savings: IG
Working Canadians save an average 12% of income for retirement, survey finds
- By: Jonathan Got
- January 21, 2025 January 21, 2025
- 15:03
Scotiabank leaves net-zero climate alliance, joining other major banks
RBC is still listed as a member of the alliance
- By: The Canadian Press
- January 20, 2025 January 20, 2025
- 17:51