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Close of businesswoman making announcement in paper trumpet

New opportunities for tax planning come into effect on July 1

5994395 - front view of the canadian parliament building , with nobody showing

Both the NDP and Green Party have called for a wealth tax

Parliament buildings on a sunny day

Last year, the PBO was asked to provide an estimate on potential revenues from a wealth tax

5994395 - front view of the canadian parliament building , with nobody showing

Let clients know about available assistance

tax calculator with red button

Payments must be reported as income for the 2020 tax year

Ottawa Canal at night

The one-time payment will be tax free and is meant to cover pandemic-related costs

canadian and usa flags

Guidance helps people who cannot leave the U.S. because of pandemic-related travel disruptions

Compliance Rules Law Regulation Policy Business Technology concept.

Research points to inadequate conflicts regulation, among other shortcomings

foreign account tax compliance act

Canadian financial firms must now provide complete tax data on their U.S. clients as the IRS tightens reporting rules

Interior view of the Canada Commons of Parliament

An emergency sitting Tuesday of the House of Commons was suspended moments after it began