Impact of tariffs on Canadian businesses
Tax AlertPrime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.

Rising interest rates and inflation are putting a strain on cash flow and business operations. To combat these unpredictable economic environment conditions, business owners can leverage certain tax planning strategies to minimize taxes and maximize opportunity.
In this two-part series, our tax professionals discuss recent changes and updates to tax rules affecting businesses and how you can apply tax planning strategies to benefit your business. Using business case scenarios, we’ll illustrate strategies, compliance and potential outcomes. We welcome you to register for one or both of the following sessions:
Speakers: Tara Benham, Dennis Tmej, Kaz Nesbitt
Description: In this session, we'll cover the following:
Date: Wednesday, November 29, 2023
Time: 12:00PM – 1:30PM EST
Speakers: Connie Dolomount, Kristopher Berg, Nathan McLeod
Description: In this session, we'll cover the following:
Claim your CPD Hours
You may be eligible for 1.5 CPD hours for each session you attend. You’ll be required to answer polling questions throughout the webinars to qualify for a certificate of attendance.
Prime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.
Draft legislation effective Jan 29, 2026 expands NPO filing with CRA; smaller NPOs will file a new short-form return.
Amendments to the Select Luxury Items Tax Act were enacted on March 26, 2026 that remove the luxury tax on aircraft and vessels, effective November 5, 2025.
In its last update on August 12, 2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022. It’s critical that you determine your trust’s reporting requirements each tax year as the non-compliance penalties are significant.
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