Business Income Tax Measures
Small Business Tax Rate Currently, as a result of the small business deduction, the first $500,000 per year of qualifying active business income of a Canadian-controlled private corporation (“CCPC”) is subject to a federal income tax rate of 11%. Consistent...
Personal Income Tax Measures
Tax-Free Savings Account In an effort to encourage Canadians to save, the Federal Government introduced the Tax-Free Savings Account (“TFSA”) in 2009. The TFSA is a registered, general-purpose account that allows Canadians to earn tax-free investment income. TFSAs have become...
Other Measures
IN THIS SECTION: Charities and Not-for-Profit Measures Aboriginal Tax Policy Charities and Not-for-Profit Measures The Budget includes a number of welcome proposals for donors and charities. Capital Gains Exemption Extended to Gifts of Private Shares and Real Estate Over the...
Introduction
Minister of Finance Joe Oliver today tabled the 2015 Federal Budget (the “Budget”), his first budget as Minister of Finance, entitled “Strong Leadership: A Balanced-Budget, Low-Tax Plan for Jobs, Growth and Security”. We are pleased to provide our summary of...
Rectification: Recent Developments and Notice
Taxes & Wealth Management, Thomson Reuters, Issue 8-1, March 2015, 3-5
Tax Evasion: HSBC is Still in the Spotlight
Taxes & Wealth Management, Issue 8-1, March 2015, 1-3
Tax on Corporate Transactions in Canada
Practical Law (a Thomson Reuters publication)
Chapter in Tax on Transactions Multi-jurisdictional Guide.
New Income Tax Folio – S6-F1-C1: Residence of a Trust or Estate
Effective September 19, 2014, the Canada Revenue Agency (the “CRA”) released a new Income Tax Folio on the Residence of a Trust or Estate. This Income Tax Folio (“S6-F1-CI”) replaces and cancels Interpretation Bulletin IT-447, Residence of a Trust or...
Tax Terrorism: Is It the Vogue for Hungry Revenue Authorities?
Taxes & Wealth Management, Issue 7-5, November 2014
2014 Primer for Donors
Taxes and Wealth Management, Issue 7-5, November 2014
