Taxation – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Thu, 05 Oct 2023 18:47:00 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Taxation – Advisor's Edge https://phoenix.advisor.ca 32 32 Proposed AMT could discourage large philanthropic gifts https://phoenix.advisor.ca/tax/estate-planning/proposed-amt-could-discourage-large-philanthropic-gifts/ Tue, 03 Oct 2023 13:00:05 +0000 https://www.advisor.ca/?p=231324 Only half of the donation tax credit can be applied against the AMT, down from 100%

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]]> The cost of TFSA contributions for non-residents https://phoenix.advisor.ca/tax/tax-news/the-cost-of-tfsa-contributions-for-non-residents/ Wed, 27 Sep 2023 21:27:08 +0000 https://www.advisor.ca/?p=231151 Case study explains the consequences

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]]> CRA offers no relief on stiff penalties for late-filing UHT returns https://phoenix.advisor.ca/tax/tax-news/cra-offers-no-relief-on-stiff-penalties-for-late-filing-uht-returns/ Mon, 25 Sep 2023 17:30:54 +0000 https://www.advisor.ca/?p=231094 Tax agency releases underused housing tax self-assessment tool

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]]> Ottawa to remove GST on new rental housing, extends CEBA loan deadline https://phoenix.advisor.ca/tax/tax-news/ottawa-to-remove-gst-on-new-rental-housing-extends-ceba-loan-deadline/ Fri, 15 Sep 2023 12:41:11 +0000 https://www.advisor.ca/?p=230792 The federal government also is calling on grocers to stabilize prices

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]]> Does the underused housing tax apply to 24 Sussex Drive? https://phoenix.advisor.ca/tax/tax-news/does-the-underused-housing-tax-apply-to-24-sussex-drive/ Tue, 12 Sep 2023 14:00:53 +0000 https://www.advisor.ca/?p=230646 The Canada Revenue Agency's extended deadline to file a UHT return and pay any tax is approaching

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]]> Updated tax-avoidance proposals include new penalty https://phoenix.advisor.ca/tax/tax-news/updated-tax-avoidance-proposals-include-new-penalty/ Tue, 12 Sep 2023 10:00:12 +0000 https://www.advisor.ca/?p=230595 Tax lawyers express concerns about overreach as Ottawa proposes to revamp the general anti-avoidance rule

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]]> CRA offers minor relief on reportable transactions https://phoenix.advisor.ca/tax/tax-news/cra-offers-minor-relief-on-reportable-transactions/ Mon, 11 Sep 2023 14:26:22 +0000 https://www.advisor.ca/?p=230577 The 90-day deadline for the first mandatory disclosures under the new law is Sept. 20

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]]> Help clients address an underfunded pension https://phoenix.advisor.ca/tax/tax-news/help-clients-address-an-underfunded-pension/ Thu, 07 Sep 2023 22:27:58 +0000 https://www.advisor.ca/?p=230313 Don’t let outdated pension rules threaten your client’s retirement plans

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]]> Ongoing cost of living crisis should trigger another housing benefit payment: Singh https://phoenix.advisor.ca/tax/tax-news/ongoing-cost-of-living-crisis-should-trigger-another-housing-benefit-payment-singh/ Fri, 01 Sep 2023 12:44:41 +0000 https://www.advisor.ca/?p=230327 The first $500 top-up was rolled out just before Christmas and distributed $402 million

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]]> Italy proposes bank tax, sending stocks plunging https://phoenix.advisor.ca/investments/market-insights/italy-proposes-bank-tax-sending-stocks-plunging/ Tue, 08 Aug 2023 17:46:56 +0000 https://www.advisor.ca/?p=229538 The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits

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