Modern Slavery Act: Prepare your business for reporting requirements
Modern Slavery Act Modern Slavery Act: Prepare your business for reporting requirements
Certain Canadian entities must examine their supply chain and prepare for annual reporting obligations to comply with rules under the Modern Slavery Act.
6 min read |
Canada announces a temporary GST holiday
Tax Alert Canada announces a temporary GST holiday
The federal government has announced plans to introduce legislation that would provide a two-month GST/HST relief on a variety of consumer goods.
2 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2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022.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 |
Flipping a house? Your gain could be fully taxable under this new rule
Tax Alert Flipping a house? Your gain could be fully taxable under this new rule
The federal government has released draft legislation for the new residential property flipping rule introduced in Budget 2022. Read more in our summary.
6 min read |
Ontario Fall Economic Statement 2024
Budget 2025 Ontario Fall Economic Statement 2024
The ON FES 2024 estimates a $6.6 billion deficit for the 2024-25 fiscal year, a decrease from $9.8 billion mentioned in this year's provincial budget.
3 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 |
Importers: More time to sign up for CBSA online portal
Tax alert Importers: More time to sign up for CBSA online portal
Importers should start preparing the information needed to register their business with the Canada Border Service Agency’s (CBSA) online client portal.
5 min read |
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 |