News Room

Fall Federal Budget: Will Spending Be Cut?

Canada has historically presented an annual budget since Confederation in 1867, even through periods like World Wars and the Great Depression, but we have recently experienced the longest period without a full federal budget in our history. By the time the next one is brought down, expected in October 2025, it will have been 18 months since the controversial April 2024 budget which introduced the doomed capital gains inclusion rate hikes. What can we expect?

Third Quarter Interest Rates and PLOI

On June 12, 2014 CRA announced the prescribed interest rates for the 3rd quarter of 2014 (July to September) will remain unchanged from the 2nd quarter.  

The Folly of Feeble Tax Appeals

A recent decision of the Tax Court of Canada serves as a caution to taxpayers who appeal their reassessments on feeble or fabricated grounds: parties who do so may face costly consequences.

Evelyn Jacks: Illness is Expensive; Tax Savings Can Help

One of the most common yet most missed provisions on the personal tax return is medical expenses, and in an aging demographic, they are more prevalent. 

Relationship Breakdown: Claiming Non-Refundable Tax Credits

After a relationship breakdown, there are some general rules on who claims in sole or joint custody cases.

Rental Property: Capital Cost Allowance and Multiple Owners

Are you considering jointly owning property to rent with one or more other people? Before doing so, it’s important to consider the structure of your ownership agreement.

Author Bill Bishop Brings “Big Idea Thinking” To DAC

Bill Bishop brings his unique insight on sales strategies to the 2014 Distinguished Advisor Conference as part of The Next BIG Idea: How To Sell A Lobster.
 
 
 
Knowledge Bureau Poll Question

On September 2, Finance Minister Champagne mandated CRA to implement a 100-day plan to “strengthen services, improve access, and reduce delays.” That’s by December 11, 2025. Do you believe this approach will help?

  • Yes
    7 votes
    26.92%
  • No
    19 votes
    73.08%