Tax News

Budget 2023 shuts down loopholes left in Bill C-208

Budget 2023 shuts down loopholes left in Bill C-208

Budget 2023 proposes changes to framework of intergenerational business transfers

By Rudy Mezzetta |March 28, 2023

3 min read

Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs

Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs

Tuesday's budget also proposes extending a measure that was set to expire this year

By Rudy Mezzetta |March 28, 2023

2 min read

Feds boost limit on allowable EAP withdrawals from RESPs

Feds boost limit on allowable EAP withdrawals from RESPs

Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs

By Rudy Mezzetta |March 28, 2023

2 min read

Feds to overhaul alternative minimum tax in bid to target top earners

Feds to overhaul alternative minimum tax in bid to target top earners

The proposed changes take aim at deductions, credits and other tax strategies

By Mark Burgess |March 28, 2023

4 min read

CRA waives penalties for late-filing the underused housing tax return

CRA waives penalties for late-filing the underused housing tax return

Affected owners have until Oct. 31 to file or pay before incurring interest and penalties

By Melissa Shin |March 28, 2023

2 min read

Federal budget to increase RESP withdrawal limit: source

Federal budget to increase RESP withdrawal limit: source

Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians

By Nojoud Al Mallees, The Canadian Press |March 27, 2023

3 min read

Decorative pattern

Nova Scotia leaves tax rates alone, but provides relief to nurses

Repairing the health-care system is the centrepiece of the provincial government's $14.4-billion budget

By Staff, with files from The Canadian Press |March 23, 2023

4 min read

Feds have little capacity to raise personal tax rates, experts say

Feds have little capacity to raise personal tax rates, experts say

Liberal government more likely to focus on AMT, capital gains in Budget 2023

By Rudy Mezzetta |March 22, 2023

3 min read

Decorative pattern

Quebec cuts taxes for lowest income brackets

The province is also increasing the maximum age for applying for a retirement pension to 72 from 70

By Richard Cloutier and Staff, with files from The Canadian Press |March 21, 2023

2 min read

Decorative pattern

Canadian industry singing praises of Inflation Reduction Act as federal budget nears

The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry

By Amanda Stephenson, The Canadian Press |March 13, 2023

4 min read

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