Insights

Please note that as of January 1, 2024, taxpayers are required to remit any payment to the Canada Revenue Agency (CRA) over $10,000 electronically. These payments include, but are not limited to, personal tax, corporate tax, payroll, Goods and Service tax, Harmonized Sales tax, [...]

As a Canadian resident who winters in the U.S., you may be considered a ‘U.S. person’ and technically subject to U.S. income tax on your worldwide income if you spend a certain number of days in the United States over a three year [...]

New trust reporting rules that were initially proposed in the 2018 federal budget are now being implemented for all trusts with taxation years ending after December 30, 2023. These new trust reporting rules are quite complicated. This Insight provides an overview of the [...]

Instead of providing a summary of 2023 tax news and updates—which can be found on the CPA Canada website—we invited our Client Service Leaders to answer the question: “If you had one piece of advice for clients as we move into 2024, what [...]