Author: Jared Behr
Budget 2024 – Capital Gains Tax and LCGE
The Canadian Federal Government’s 2024 Budget has introduced a significant proposed change to the way capital gains are included in taxable income from June 25, 2024, onwards. Proposed Change in Inclusion Rate Proposed Change in Lifetime Capital Gains Exemption Effective Date How this May Affect You More Information
New and Expanded Trust Reporting
New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts (and estates) file tax returns. These changes will catch many individuals and businesses that may not be aware of their trust-like relationships, exposing them to potential penalties and other consequences for non-compliance. The […]
Changes to Payments to the Receiver General of Canada
We’re writing to inform you about an important update regarding your payments or remittances to the Receiver General of Canada. What’s Changing? As of January 1, 2024, if your payment amount to the Receiver General of Canada is more than $10,000, it must be made as an electronic payment. This […]
