Banks would likely step up tax avoidance strategies amid higher federal rates
A tax targeting large companies “making record profits” was proposed by the NDP last year
Some people may owe the CRA money for the first time as a result of the emergency benefits they received
The Liberals also raised OAS payments and proposed a foreign real estate tax
The budget was missing big-ticket tax changes but Jamie Golombek says there's "something there for everyone"
IPP changes, annuities and allocation to redeemers are back on the agenda
Your wealthy clients will pay more for luxury vehicles as of Jan. 1, 2022
The extra revenue would fund infrastructure such as roads and broadband
The absence of withholding taxes can create unexpected consequences if no planning is done
The prescribed rate on loans to family members remains set at 1%