For months, investors and business owners across Canada were preparing for a major shift in tax rules. Ottawa had planned to increase the capital gains inclusion rate in June 2024. ...
Navigating Leadership: When a Non-Family CEO Leads a Family Business
Family businesses are the foundation of the Canadian economy. They represent more than 60 percent of private sector firms and employ close to seven million Canadians1. These enterprises carry not ...
How Canada’s 2025 Tax Measures Empower Residential Developers
Canada’s housing shortage remains a critical challenge in 2025, but recent federal initiatives are giving residential developers new tools to boost affordability and improve project viability. Through enhanced depreciation incentives ...
Navigating Tax Hurdles in Family Business Succession: The New Intergenerational Share Transfer Rules
Canada’s capital gains deduction is a powerful tax break available to Canadian-resident individuals who sell shares in a Qualified Small Business Corporation (QSBC). It allows up to $1.25 million in ...
Scaling Smart: Unique Canadian Incentives for Growing Startups
Reaching a stage where your startup generates consistent cash flow is a huge milestone. By this point, you’re likely looking for ways to optimize operations, grow strategically, and stay competitive ...
A Tax Break for all Canadians
In an effort to reduce Canadians’ tax burden during the holiday season, the Federal government announced on Thursday that the majority of expenses will be temporarily free from GST/HST from ...
Reducing your Tax Burden: A Guide to Interest Expense Deductions
If you’re borrowing funds to support business growth and or investment growth, you may be eligible to deduct interest on your business or property income under the Income Tax Act. ...
What does the Capital Gains Inclusion Rate Increase Look Like for You?
This year’s Federal budget marked the first increase to the Capital Gains inclusion rate since 2000, an announcement that many criticized as having significant consequences on both high income and ...
Understanding the CRA’s 2024 Trust and Reporting Updates: Implications and Context
Earlier this year, the Canada Revenue Agency (CRA) announced significant changes to trust reporting rules that introduced new filing obligations for many express trusts, including bare trusts. These new requirements ...
