Member Articles

Recent amendments to Canada’s tax laws will require many Canadians to file a trust tax return for the 2023, even where they might not know that a trust exists. In this newsletter we will describe many common arrangemen ...

On March 27, 2023 Canada Revenue Agency (“CRA”) granted an extension of time to file UHT returns to October 31, 2023. The CRA official announcement (see https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips ...

Some Canadian individuals and corporations, as well as non-residents of Canada, will be required to file a new annual tax return by April 30 and either claim an exemption or pay a tax of 1% on the value of “underused h ...

The Underused Housing Tax Act (the “UHT” Act), which received royal assent on June 9, 2022, implements a national annual 1% tax on the value of residential real estate that is vacant or underused (the “Underused Ho ...

In February, the Federal Government proposed a new rule which will require all payments to the Receiver General for Canada for income tax or Goods & Services Tax/Harmonized Sales Tax (“GST/HST”) of more than $10, ...

INTRODUCTION On April 19, 2021, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.The budget proposes to extend business and in ...