April 17, 2024 On April 16, 2024, the federal government introduced Budget 2024: Fairness for Every Generation. The Budget contains tax measures aimed at generating increased tax revenue from wealthier Canadians. The federal government believes that this will make the tax system more "fair". The...
Thus, while the spending initiatives in the federal budget are appropriate, they should have been offset through greater revenue mobilization. The increase in the capital gains inclusion rate improves the tax system… Consideration could be given to other changes—such as an increase in the GST rat...
August 2024 August 29 - Importers — New Surtaxes Start October 1, 2024 August 20 - Finance releases more details on capital gains changes August 14 - Reporting relief on the way for trusts? July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 2023 Decemb...
With the important caveat that we cannot provide tax advice, it should be said that residents of Canada must report all income to the Canadian Government – including all capital gains (or losses) over $200 that come from trading forex. According to the Canada Revenue Agency (CRA),“Foreign...
2024 ou après cette date. Cette mesure avait été initialement annoncée dans le budget de 2023, puis elle a été élargie dans le budget de 2024. Le crédit est calculé au taux de 30 % du coût en capital des biens admissibles qui sont utilisés en totalité ou presque dans le ...
The recently tabled Québec budget for 2023/2024 contains several tax measures affecting individuals and corporations.
In 2024, the deferred income tax recovery recorded in other comprehensive income related to remeasurements on employee benefit liabilities is offset by a deferred income tax expense which was recorded through Air Canada's consolidated statement of operations. This expense is removed from adjusted net ...
Pierre Poilievre wants to subvert democracy by invoking the notwithstanding clause of Canada’s Charter of Rights and Freedoms in order to advance a draconian, unconstitutional, law-and-order agenda. I know that the Liberals aren’t perfect and that the vastly-increased capital gains tax will affe...
On April 16, 2024, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented the federal government’s budget. Read more about the tax initiatives proposed in the budget in our in-depth Tax Insights. Key highlights: Increases to the capital gains inclusion rate for all co...
This could be from US election results, especially in relation to investments in Canadian electric vehicle supply chains, and the increase in the capital gains tax in Canada, which may reduce the incentive to sell after an initial transition period that might be characterized by somewhat higher ...