Tax Ideas and Insights

most recent tax insights

TAX ALERT

2020-2021 Provincial & territorial budgets commentary

A summary of key business and personal tax amendments proposed by the provincial and territorial budgets released this fiscal year.

INSIGHT ARTICLE

Tax characterization of derivative contracts

The Supreme Court of Canada (SCC) released its decision recently, clarifying the treatment of derivative contracts for tax purposes

TAX ALERT

Tax updates in Canada in response to COVID-19

Our tax alert summarizes the latest tax measures by federal and certain provincial government authorities amid the coronavirus pandemic.

TAX ALERT

Ways to optimize estate planning in the wake of COVID-19

A Capital Dividend Account allows a shareholder to access corporate surplus tax-free, but timing is critical.

TAX ALERT

GST/HST and QST filing obligations for financial institutions

FIs who fail to file returns on time could face significant financial penalties, making it imperative to determine their filing obligations.

TAX ALERT

GST/HST under Canada Emergency Commercial Rent Assistance Program

Our authors summarize the GST/HST implications of forgivable loan payments and rent reduction offered by commercial landlords under CECRA.