Investors who make honest mistakes can receive harsh penalties from the CRA
President Joe Biden outlined Thursday a US$1.75-trillion framework
Additional taxes may not deter out-of-province investors
The deal aims to make sweeping changes to how big multinational companies are taxed, deterring profit stashing
The prescribed rate on loans to family members remains set at 1%
The next step is narrowing the menu of tax possibilities, focusing on measures likely to pass
A qualifying senior couple would receive $750 more per year
Big financial institutions would also have to pay a pandemic recovery dividend
Consultation ends on Sept. 30
Clients will be interested in tax proposals, though campaigns don't often move markets