Rate hikes push federal debt charges to $25.8 billion for first nine months
The 12-month holding period would reset after the taxpayer took ownership of property
The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers
Keep an eye on interest rates, inflation, legislation and more
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
Proposed rules outline age limit and allow unused contribution room to be carried forward
The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
However, the bank and insurer surtax remains at 1.5% for profits over $100M
The Liberal government is moving ahead with tax proposals
Here’s the status of proposals that matter to your clients