Bill C‑15 became law March 26, 2026, implementing tax measures from Budget 2025, Budget 2024, and FES 2024 affecting businesses and trusts.
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Explore how Canada’s 2025 Federal Budget overhauls transfer pricing rules to align with OECD standards, expanded CRA audit powers, updated documentation and penalty requirements.
Bare trust returns remain required for the 2026 tax year and onward. Review arrangements early to identify if you have a bare trust and avoid potential CRA penalties.
Further proposed amendments to the AMT rules released by Finance on August 12 may impact certain taxpayers. It's important to determine if you're affected and talk to your advisor about potential next steps.
The substantive CCPC concept proposed in Budget 2022 aims to eliminate certain strategies corporations have commonly used to defer tax.
Businesses may soon immediately write off costs for certain manufacturing or processing buildings, including additions or renovations, if conditions are met.
Federal Budget 2025 introduced a new set of dividend suspension rules that restricts a corporation’s ability to recover refundable dividend tax on hand (RDTOH).
Well-designed internal controls can help to safeguard assets, streamline workflows, and free up resources