News

With the next income tax instalment deadline approaching on December 15th, now is a good time to review your payment obligations. If you earn business, rental or investment income without enough tax withheld at the source, you may be required to make instalment [...]

The Canada Revenue Agency's audit and enforcement powers are set to expand significantly. On May 6, 2026, the federal government tabled Bill C-31, proposing amendments to the Income Tax Act that would strengthen the CRA's ability to gather information and enforce compliance during [...]

Following Ontario’s recent provincial budget, the federal government released its 2026 Spring Economic Update. While much of the update focuses on economic uncertainty, several tax changes will directly impact individuals, families, and business owners. Individuals & Families CPP Contribution Rates Are Decreasing Starting [...]

Last month, Ontario's Minister of Finance presented the 2026 Provincial Budget, continuing the province's Tax Action Plan with a focus on housing affordability, small business competitiveness, and capital investment incentives. Personal and Corporate Income Tax Changes  The 2026 Budget introduces new corporate income [...]

The Canada Revenue Agency has updated trust reporting requirements for the 2025 taxation year to help affected taxpayers understand any changes and their filing obligations. On November 18, 2025, the Government of Canada tabled Bill C-15, which proposes amendments to the Income Tax [...]