Introduction: As we step into the new year, Canadians are not only making resolutions but also preparing for tax season. The Canadian tax system offers various incentives and breaks to help individuals and businesses reduce their tax burden. In 2024, several key tax...
As the leaves change hues and the Canadian landscape transforms with the onset of fall, the nation also undergoes a transformation of a different kind: the unveiling of the 2023 Fall Economic Statement. Against a backdrop of global uncertainties and internal...
As the leaves change hues and the Canadian landscape transforms with the onset of fall, the nation also undergoes a transformation of a different kind: the unveiling of the 2023 Fall Economic Statement. Against a backdrop of global uncertainties and internal...
In a significant development for the Canadian business landscape, the recently announced tax rules for family business transfers in 2023 have paved the way for a smoother and more seamless intergenerational transition of family-owned enterprises. These changes, set to...
Introduction Taxation is an integral part of any country’s financial system, and Canada is no exception. As we step into the fiscal year 2023-2024, it’s essential for Canadians to stay informed about the latest tax regulations and updates. In this blog,...
A promise to legalize employee ownership trusts (EOTs) in Canada was made in the federal budget for 2022. This will make it easier for employees to buy into and own Canadian companies. EOT-related changes to the Income Tax Act (Canada) (the Tax Act) were included in...
