Although two CRA officials gave more information on certain rules at this year’s STEP conference, a tax expert expressed frustration with the draft legislation
The most important consideration in this process is whether a client can use his or her foreign tax credits against other income in the year of transfer
Clients need to be aware of how the CRA’s treatment of income infrom foreign securities affects their investments
How the CRA will apply the new rules remains unclear
The choice between saving or reducing debt has become an increasingly important decision
Tax changes this year impact students, parents, caregivers and more
It’s important to be aware that the new rule limiting access to the small business deduction for CCPCs in 2019 is based on 2018 income
With the tax return deadline looming, many Canadians are finding themselves scrambling to get their finances in order
Budget 2018 revealed the government’s new approach to passive income in a CCPC; let’s crunch some numbers
Here are three simple tax strategies you and your clients should keep in mind for minimizing taxes this year