Tax Ideas and Insights

TAX ALERT

New trust reporting on hold but beware of not filing

With filing season upon us, the CRA clarified the new trust reporting rules will not be in force for the 2021 taxation year.

TAX ALERT

Global minimum tax is taking shape

The OECD released its model to implement a coordinated international tax system in which MNEs will be subject to a 15% global minimum tax.

TAX ALERT

Are you ready for Canada's Digital Services Tax?

The federal government released the draft Digital Services Tax Act proposing a 3% tax on revenue earned from certain digital services.

TAX ALERT

Federal economic and fiscal update

The Canadian government provides an overview of Canada’s finances, unveils the areas of focus, and sets out proposed new tax measures.

TAX ALERT

Loblaw Financial: SCC considers FAPI does not apply to foreign bank

The Supreme Court of Canada provides a welcomed decision and clarifies rules for FAPI in the foreign bank context.

TAX ALERT

Alta Energy: SCC confirms GAAR not applicable to treaty shopping

The determination of the object, spirit and purpose of a provision cannot ignore the text of the provision in favour of a broader purpose.

INSIGHT ARTICLE

Addressing funding challenges in the nonprofit sector

Nonprofits should stay attuned to changes in their environments and take steps to improve the financial stability of their operations.

TAX ALERT

Ontario Economic Outlook and Fiscal Review: Fall 2021

The Ontario government’s recent fiscal update includes proposals that will require corporations to collect beneficial ownership information.