Tax Alerts cover tax news, and changes in legislation that affect Canadian businesses.
Effective Oct. 1, 2026, businesses providing or purchasing certain professional services in BC must manage 7% PST and new compliance rules.
Certain multinational enterprise groups may be subject to a minimum effective tax rate of 15% on income in every country they do business, under new GMT rules.
Business owners and investors can use tools like estate freezes to navigate market volatility, boosting security and certainty in uncertain economies.
Federal Budget 2025 introduced a new set of dividend suspension rules that restricts a corporation’s ability to recover refundable dividend tax on hand (RDTOH).
Property owners with vacant homes in Canada should be aware of the new underused housing tax (UHT), which came into effect on January 1, 2022.
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2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022.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.
Further proposed amendments to the AMT rules released by Finance on August 12 may impact certain taxpayers. It's important to determine if you're affected and talk to your advisor about potential next steps.
The ON FES 2025 estimates a $13.5 billion deficit for the 2025-26 fiscal year, an improvement from the $14.6 billion deficit projected in the 2025 budget.
