Taxation

Morneau talks tax crackdown and information sharing

Finance Minister Bill Morneau says the government is considering legislation aimed at tax evaders that would give foreign authorities some access to Canadians' confidential information

By Staff, with files from The Canadian Press |March 1, 2018

2 min read

Tax News

Budget news for RDSP-eligible clients and their families

How the feds are dealing with RDSPs and QDTs

By Katie Keir |March 1, 2018

5 min read

Economic Indicators

Tax cuts boost U.S. incomes, but spending increase modest

Americans lifted their spending just 0.2% in January, while their incomes jumped because of last year’s tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4% in December and 0.8% in November. Incomes rose 0.4%, boosted by $30 billion in tax cut-related bonuses the government estimates were paid out […]

By Staff, with files from The Associated Press |March 1, 2018

3 min read

Industry

Golombek’s thoughts on new passive income rules

The math behind the federal government’s rules, and tax strategies to explore

By Katie Keir |February 27, 2018

3 min read

Small business to feds: abandon proposed passive investment rules

Business owners are awaiting tomorrow’s federal budget with bated breath. That’s because nearly two-thirds of small business owners say the government’s proposed tax changes have caused them to rethink whether to continue being in business, finds a survey from the Canadian Federation of Independent Business (CFIB). Read: Problems with Finance’s passive investing proposals Specifically, surveyed […]

By Staff |February 26, 2018

2 min read

Tax financial transactions, close loopholes, CCPA says in alternative budget

With the federal budget only a few days away, think tank Canadian Centre for Policy Alternatives (CCPA) is calling on the Liberal government to tax financial transactions, inheritances and capital gains at higher rates. “Closing unfair and ineffective tax loopholes (or tax expenditures), while making the tax system simpler and fairer, could raise $18 billion […]

By Staff |February 22, 2018

2 min read

Taxation

Morneau talks tax crackdown and information sharing

Budget news for RDSP-eligible clients and their families

Tax cuts boost U.S. incomes, but spending increase modest

Golombek’s thoughts on new passive income rules

CRA to increase filing requirements for trusts

Federal budget won’t move market outlook: economists

Small business to feds: abandon proposed passive investment rules

Tax financial transactions, close loopholes, CCPA says in alternative budget

CRA looks at analyzing big data to combat offshore tax evasion

Renouncing U.S. citizenship after U.S. tax reform