Prime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.
With Canada facing record levels of illicit funds, business leaders should prudently decline to provide services when a client can't credibly explain source of funds, strengthening AML efforts.
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2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022.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.
Eligible manufacturers in Ontario could receive up to $3 million per year on certain purchases of manufacturing and processing property, under the Ontario made manufacturing investment tax credit.
A summary of discussions where business leaders in various communities shared their experiences, challenges, and opportunities with a common goal: build on the thriving economy in Western Canada.
The federal government’s proposals to introduce employee ownership trusts (EOTs) presents a new succession planning opportunity.
The substantive CCPC concept proposed in Budget 2022 aims to eliminate certain strategies corporations have commonly used to defer tax.
What are the EIFEL rules and how will they affect Canadian businesses?
This report summarizes discussions hosted by Doane Grant Thornton LLP, where community leaders from across the region shared their experiences, challenges, and opportunities.
After the first year of reporting in 2024, there are some common misconceptions about the Modern Slavery Act and how organizations can comply. We’re addressing four myths to help you understand how these rules may affect your business in time for the 2025 reporting cycle.
Certain Canadian entities must examine their supply chain and prepare for annual reporting obligations to comply with rules under the Modern Slavery Act.