Client Resources
Crash Course in Navigating Changes to Capital Gains Taxation
Tax experts of Horizon CPAs discuss the changes to capital gains taxation in the 2024 Federal Budget with a focus on their implications in British Columbia. Experts clarified the new tax rules, the concept of crystallization, and strategies to minimize tax liability, emphasizing the importance of careful planning and consulting […]
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 – Bare Trust Filing Exemption
In a move to streamline the tax reporting process, the Canada Revenue Agency (CRA) has announced an exemption for bare trusts from the new trust reporting requirements for the 2023 tax year. This decision comes as a relief to many, as it recognizes the complexities and unintended consequences that these […]
