Finance Canada Drops Draft Legislation August 15
All professional tax practitioners, financial advisors should take note of an important mid-summer release of draft legislation to implement some of the proposals from the November 2024 Fall Economic Statement, the April 2024 Budget, the EIFEL rules announced on August 12, 2024, and rules relating to passive income of foreign affiliates announced in the 2022 federal budget. This draft legislation also introduces more modifications to new trust filing requirements. Brief highlights appear below; technical details will be discussed in the September 17 and November 5 CE Summits and Knowledge Bureau’s certificate course on T3 Filings.May 15 UCCB Deadline: Are You Telling Your Clients About It?
Have you alerted your clients about the changes in the eligibility for the increased UCCB benefits?
The New RRIF Rules and Pension Income Splitting
Recent changes to RRIF withdrawal rules are in the spotlight since the April 21, 2015 federal budget. Will they affect pension income splitting, and if so, how?
Small Business Catches a Tax Break!
Small businesses employ half of all Canadian workers in the private sector; making sure these employers can continue to provide jobs is critical.
Top 10 Reasons the TFSA Rocks!
Despite political controversy, the TFSA has gained broad-based acceptance by 40% or 11 million average Canadians.
Just How Long Do You Have To Keep Those Tax Receipts?
Glad to have another tax season behind you? Don’t be so quick to throw out your tax files!
Odds Are Good For Starting Your Own Business
Thinking of making a big change in your career path? Maybe it’s time to take control and be your own boss?
