Alternative minimum tax: Will you or your trust be affected by changes?
Tax alert Alternative minimum tax: Will you or your trust be affected by changes?
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.
7 min read |
Underused Housing Tax: Impacts to Canadians and Non-Residents
Tax Alert Underused Housing Tax: Impacts to Canadians and Non-Residents
Property owners with vacant homes in Canada should be aware of the new underused housing tax (UHT), which came into effect on January 1, 2022.
6 min read |
Ontario Fall Economic Statement 2025
Budget 2026 Ontario Fall Economic Statement 2025
The ON FES 2025 estimates a $13.5 billion deficit for the 2025-26 fiscal year, an improvement from the $14.6 billion deficit projected in the 2025 budget.
5 min read |
Pillar Two: Canada’s Global Minimum Tax Act explained
Tax Alert Pillar Two: Canada’s Global Minimum Tax Act explained
Certain multinational enterprise groups may be subject to a minimum effective tax rate of 15% on income in every country they do business, under new GMT rules.
12 min read |
T3 Schedule 15: Does your trust have additional reporting requirements?
Tax alert T3 Schedule 15: Does your trust have additional reporting requirements?
In its last update on August 12, 2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022. It’s critical that you determine your trust’s reporting requirements each tax year as the non-compliance penalties are significant.
7 min read |
The “One, Big, Beautiful Bill” has passed: How does it impact US taxpayers?
Tax alert The “One, Big, Beautiful Bill” has passed: How does it impact US taxpayers?
On July 4, 2025, U.S. President Donald Trump signed the “One, Big, Beautiful Bill” into law, enacting the largest tax cuts in American history.
6 min read |
Prorogation of Parliament: How does this impact tax proposals?
Tax Alert Prorogation of Parliament: How does this impact tax proposals?
Despite Parliament being prorogued and subsequently dissolved, the CRA has confirmed that it will continue to administer the proposed increase to the lifetime capital gains exemption to $1.25 million retroactively, effective June 25, 2024.
3 min read |
Summary: Fall Economic Statement 2024
Budget 2025 Summary: Fall Economic Statement 2024
FES 2024 announces a deficit of $61.9 billion and projects a deficit of $48.3 billion in 2024-2025 in the baseline projection. This is compared to a deficit of $39.8 billion projected for the same period in Budget 2024.
11 min read |

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