T3 Schedule 15: Does your trust have additional reporting requirements?
Tax alert T3 Schedule 15: Does your trust have additional reporting requirements?
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2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022.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.
7 min read |
What are the EIFEL rules and how will they affect Canadian businesses?
Tax alert What are the EIFEL rules and how will they affect Canadian businesses?
What are the EIFEL rules and how will they affect Canadian businesses?
15 min read |
Importers: More time to sign up for CBSA online portal
Tax alert Importers: More time to sign up for CBSA online portal
Importers should start preparing the information needed to register their business with the Canada Border Service Agency’s (CBSA) online client portal.
5 min read |
Employee ownership trusts: A new opportunity for succession planning
Tax Alert Employee ownership trusts: A new opportunity for succession planning
The federal government’s proposals to introduce employee ownership trusts (EOTs) presents a new succession planning opportunity.
7 min read |
Understanding the substantive CCPC rules
Tax services Understanding the substantive CCPC rules
The substantive CCPC concept proposed in Budget 2022 aims to eliminate certain strategies corporations have commonly used to defer tax.
4 min read |
Modern Slavery Act: Prepare your business for upcoming reporting requirements
Modern Slavery Act Modern Slavery Act: Prepare your business for upcoming reporting requirements
Certain Canadian entities must examine their supply chain and prepare for new reporting obligations to comply with new rules under the Modern Slavery Act.
6 min read |
New mandatory disclosure rules
Tax alert New mandatory disclosure rules
Taxpayers, advisors, and promoters (and certain other parties) are required to disclose relevant information on certain tax planning or transactions to the CRA, under the new mandatory disclosure rules.
2 min read |
Beneficial ownership registry: Is your business impacted by the new reporting requirements?
Tax Alert Beneficial ownership registry: Is your business impacted by the new reporting requirements?
The Government of Canada has proposed changes to create a publicly accessible beneficial ownership registry of privately held federally incorporated companies.
5 min read |
CEBA loan deadline extensions: What businesses need to know
Tax alert CEBA loan deadline extensions: What businesses need to know
Don’t miss the January 18, 2024 repayment deadline to qualify for partial (CEBA) loan forgiveness.
4 min read |