Potential measures could target flippers and foreigners.
A third of Canadians haven't organized the paperwork yet.
Ask an average person what a dividend is and, if they don’t know, they’ll at least say it’s something positive. For the most part, they’d be right. Dividends are distributions of a corporation’s after-tax earnings to its shareholders. They’re optional to distribute, but corporations often use them to entice or pay shareholders. Dividend taxation can […]
Learn which investment fees are deductible and how those fees are treated by CRA in various structures, funds and accounts.
CRA reports that Damien Reynolds, a 49-year-old dual citizen of Canada and Australia, was charged on April 4, 2017, with fraud under section 380 of the Criminal Code and with tax evasion under section 327 of the Excise Tax Act. Reynolds is a mining industry consultant and stock promoter based in Vancouver. Read: Montréal man […]
The minutes of the Fed’s discussion at its March meeting show that several Fed officials believe Trump’s stimulus plans will likely not begin until next year. In fact, the minutes indicate about half the Fed officials hadn’t included any assumptions about Trump’s efforts in their economic forecasts. Read: Look for dividend growers as rates rise […]
The new rules around trusts will cause “the most consternation for planners"
Haven’t filed all your required U.S. tax paperwork? If you’re really unlucky, you might get sued.
For Canadians who live in the north, CRA offers two deductions.
The CRA has set the prescribed annual interest rates for amounts owing in Q2. The family loan rate remains the same, at 1%. Read: Liberals reviewing private corporations, high-income tax strategies The only change from last quarter is the rate for corporate taxpayers’ pertinent loans or indebtedness, which will be 4.47%, the CRA says. Rates […]