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Thursday April 24, 2025
The Canada Revenue Agency (CRA) has announced several updates to the capital gain inclusion rates for this filing year. Capital Gain Inclusion Rate and Lifetime Capital Gains Exemption (LCGE) Updates On January 31, 2025, the Department of Finance announced that starting January [...]
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Friday February 28, 2025
The 2024 personal income tax filing deadline is April 30, 2025. The filing deadline for self-employed individuals and their spouses (including HST returns) is June 16, 2025 (as June 15 is a Sunday). All outstanding income tax and HST payments are due on [...]
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Monday December 16, 2024
Canada’s new Employee Ownership Trust (EOT) legislation came in effect on January 1, 2024 and includes a temporary capital gains exemption on the first $10 million in proceeds from the sale of a company to an EOT under a “qualifying business transfer.” This [...]
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Wednesday December 11, 2024
Back by popular demand... Instead of providing a summary of 2024 tax news and updates (which can be found on the CPA Canada website) we have once again invited our Client Service Leaders to answer the question: “If you had one piece of [...]
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