Budget 2024 – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Fri, 17 May 2024 20:05:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Budget 2024 – Investment Executive https://www.investmentexecutive.com 32 32 Estate-planning trusts will be hit hard by CGIR hike https://www.investmentexecutive.com/news/industry-news/estate-planning-trusts-will-be-hit-hard-by-cgir-hike/ Fri, 17 May 2024 20:05:06 +0000 https://www.investmentexecutive.com/?p=486116 Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

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]]> When is the latest clients can sell assets prior to June 25? https://www.investmentexecutive.com/news/industry-news/when-is-the-latest-clients-can-sell-assets-prior-to-june-25/ Fri, 17 May 2024 15:27:33 +0000 https://www.investmentexecutive.com/?p=485981 Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

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]]> Liberal tax promise tracker, post-2024 budget edition https://www.investmentexecutive.com/news/industry-news/liberal-tax-promise-tracker-post-2024-budget-edition/ Tue, 14 May 2024 06:27:03 +0000 https://www.investmentexecutive.com/?p=485815 Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government

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]]> Second bill on open banking expected in the fall https://www.investmentexecutive.com/news/industry-news/second-bill-on-open-banking-expected-in-the-fall/ Tue, 07 May 2024 21:16:18 +0000 https://www.investmentexecutive.com/?p=485485 Screen scraping would be phased out over time

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]]> On which home should you claim the principal residence exemption? https://www.investmentexecutive.com/news/industry-news/on-which-home-should-you-claim-the-principal-residence-exemption/ Tue, 07 May 2024 21:05:34 +0000 https://www.investmentexecutive.com/?p=485234 Homeowners must now consider the proposed higher capital gains inclusion rate

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]]> Capital gains changes tip the scales for business owners https://www.investmentexecutive.com/news/industry-news/capital-gains-changes-tip-the-scales-for-business-owners/ Fri, 03 May 2024 17:27:30 +0000 https://www.investmentexecutive.com/?p=485163 Incorporated professionals must consider deferral, dividends and deductions

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]]> Don’t rush to sell assets due to higher inclusion rate, experts say https://www.investmentexecutive.com/news/industry-news/dont-rush-to-sell-assets-due-to-higher-inclusion-rate-experts-say/ Tue, 30 Apr 2024 14:58:36 +0000 https://www.investmentexecutive.com/?p=484973 Determining how long the client was going to hold the asset is an important factor in the decision

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]]> Feds to give CRA new powers to compel data from taxpayers https://www.investmentexecutive.com/news/industry-news/feds-to-give-cra-new-powers-to-compel-data-from-taxpayers/ Thu, 25 Apr 2024 20:23:35 +0000 https://www.investmentexecutive.com/?p=484755 The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

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]]> Higher capital gains inclusion rate and mutual funds https://www.investmentexecutive.com/news/products/higher-capital-gains-inclusion-rate-and-mutual-funds/ Thu, 25 Apr 2024 16:20:20 +0000 https://www.investmentexecutive.com/?p=484723 Mutual fund corporations can pass gains to unitholders

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]]> Budget softens mandatory tax disclosure regime https://www.investmentexecutive.com/news/industry-news/budget-softens-mandatory-tax-disclosure-regime/ Tue, 23 Apr 2024 15:13:33 +0000 https://www.investmentexecutive.com/?p=484570 While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

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