Latest News
Bill C-208 Developments and Intergenerational Business Transfers
We wanted to bring your attention to recent developments regarding intergenerational business transfers and the impact of Bill C-208 on tax-efficient succession planning. These updates have significant implications for the transfer of family businesses from one generation to the next, particularly in terms of tax advantages. Before the introduction of […]
Canada Revenue Agency (CRA) Worker’s Strike
On April 19, 2023, the Public Service Alliance of Canada Union of Taxation Employees (“PSAC – UTE”) has declared a general strike starting April 19th, at 12:01 am EST. And currently, 39,000 Canada Revenue Agency (CRA) employees are on strike. We want to reassure our clients that despite the strike, […]
Tax-Free First Home Savings Account (FHSA)
The Tax-Free First Home Savings Account (FHSA) was first proposed in Budget 2022. A backgrounder and draft legislation was released on August 9, 2022, which provided more details on the plan’s design. On November 4, 2022, the revised legislation was released as part of Bill C-32 (Fall Economic Statement Implementation Act, 2022) and […]
