Budget's alternative minimum tax changes will make it harder for high-income earners to avoid paying taxes Jamie Golombek: Changes include broadening the AMT base by further limiting exemptions, deductions and credits March 28, 2023 Financial Post Advertisement 5 Read the full text of the 2023...
Update on Clean Economy Investment Tax Credits The fall economic statement reaffirmed the current government’s commitment to its suite of clean economy investment tax credits, including the Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit, Clean Technology Investment Tax Credit, C...
Budget 2023 announced significant amendments to the AMT, a parallel tax calculation that allows fewer tax credits, deductions, and exemptions than under the ordinary personal income tax rules. A taxpayer will be liable for AMT if the computed net AMT is greater than the taxpayer’s federal income...
6 government benefit payments Canadians can get from the CRA in November Narcity Staff October 25, 2024 8 government benefits and credits Canadians can receive payments from in October Narcity Staff September 24, 2024 Canada Pension Plan payments go out soon — Here's how much $ you can receive...
business status. If a GST/HST registered business is erroneously charged the GST/HST, it will have to request a refund from the non-resident vendor or distribution platform operator, as it will not be entitled to claim input tax credits or make a tax paid in error claim on such amounts....
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Certain categories of “qualified donees,” including universities outside Canada, are required to register with the CRA and are listed on the CRA website. Foreign universities are also required to be prescribed in the Income Tax Regulations. The Budget proposes to eliminate this duplication in re...