Tax News

No court relief for accidental RRSP overcontribution

No court relief for accidental RRSP overcontribution

A lack of understanding about spousal RRSP limits was no excuse

By Jamie Golombek |March 14, 2022

4 min read

Decorative pattern

Luxury vehicle tax proposed to begin Sept. 1

Feds release draft legislation on luxury vehicle tax, which targets pricey planes, boats and automobiles, for consultation

By Staff |March 11, 2022

1 min read

Most TFSA holders don’t maximize contributions

Most TFSA holders don’t maximize contributions

Latest TFSA data shows that unused room exceeds the tax-free account’s fair market value for most accountholders

By Rudy Mezzetta |March 9, 2022

1 min read

Decorative pattern

2022 federal budget to focus on housing, tax fairness: experts

With the government busy implementing previously announced measures, major initiatives are unlikely to be included

By Rudy Mezzetta |February 23, 2022

5 min read

ETF industry closer to resolving lingering tax question

ETF industry closer to resolving lingering tax question

Revised allocation to redeemers formula was proposed in draft legislation released earlier this month

By Melissa Shin |February 14, 2022

3 min read

End to interest relief on pandemic benefits could lead to more insolvencies

End to interest relief on pandemic benefits could lead to more insolvencies

A study found that tax obligations and student loans drove a rise in unsecured debt

By Staff |February 14, 2022

2 min read

Income tax returns for 2021: what you need to know

Income tax returns for 2021: what you need to know

The Canada Revenue Agency highlights new or adjusted credits and deductions

By Staff |February 11, 2022

3 min read

Feds release draft legislation on trust reporting, ETF taxation

Feds release draft legislation on trust reporting, ETF taxation

Draft legislation also seeks to implement a raft of proposals from Budget 2021

By Rudy Mezzetta |February 7, 2022

3 min read

Advisor’s expense claims get cold reception at Tax Court

Advisor’s expense claims get cold reception at Tax Court

After starting a side business selling insurance, an advisor went too far in claiming expenses

By Jamie Golombek |February 4, 2022

3 min read

Decorative pattern

Foreign homeowner tax to yield less than Liberals plan: PBO

The tax is part of the federal government's plan to crack down on rising home prices

By The Canadian Press |January 31, 2022

3 min read

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