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Tax reduction and deduction for businesses and individuals. Concept with hand turning knob to low taxation rate. Return form, exemptions, incentives.

Advisors should speak to clients annually about crystallization

Justices left in place provision of 2017 tax law expected to generate $340 billion, mainly from foreign subsidiaries of domestic corporations

housing costs

Total account assets hit $2.8 billion in 2023, based on CRA data

T4 statement

The estimate from the Parliamentary Budget Officer spans five fiscal years

2021 Canadian tax form

Optional returns may reduce or eliminate your client’s taxes

Exterior of CRA headquarters building

Agency confirms the interest rate Canadians must pay on overdue tax will drop to 9%

parliament hill

The government says that even if a bill has not yet passed, the change will take effect on June 25

Nova Scotia to begin indexing, P.E.I. cuts taxes and Alberta plans for a new bracket

U.S. flag and voting stickers

Risk of a trade war, inflation, higher interest rates accompanies U.S. vote

The federal budget is being met with disdain from Canada's innovation industry