Resources

The Canadian government’s recent Liberal proposals to reform the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) framework under the Excise Tax Act (ETA) have introduced significant changes targeting real estate transactions. Aimed at curbing tax evasion and speculative activities such as house flipping, these proposals tighten rules around GST/HST collection, redefine key terms like “builder,” and enhance audit mechanisms. This article provides a comprehensive analysis of the compliance what-ifs, practical impacts on stakeholders, and broader implications for the real estate sector, equipping taxpayers, builders, investors, and advisors with critical insights to navigate this evolving landscape.

If a U.S. citizen decides to give up their citizenship and move to Canada, they need to be aware of significant tax consequences under U.S. law (IRC § 877A).

As a Canadian investing in U.S.-based ETFs and cryptocurrencies, it's crucial to understand the associated tax implications to ensure compliance and optimize your returns. When you receive dividends from U.S. ETFs, a 15% withholding tax is applied if you submit IRS Form W-8BEN

When you move out of Canada, you need to understand how your taxes will be affected.

National R&D Inc. v. The Queen, the Tax Court of Canada examined the eligibility of a software development project for a Project Tracking System (PTS) under the Scientific Research and Experimental Development (SR&ED) tax credit program. The case provides critical insights into the importance of maintaining detailed records and demonstrating a systematic investigation in accordance with the scientific method to substantiate SR&ED claims.

If you’re a Canadian business owner looking to sell your company or plan your estate, using trusts and capital gains exemptions can be a valuable strategy.

Charitable donations are a powerful tool for corporations to not only contribute to societal well-being but also to optimize their tax liabilities.

Tax debt can feel overwhelming, but ignoring it won't make it go away.

The Federal government has proposed a temporary removal of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) on certain qualifying goods at checkout, effective from December 14, 2024 to February 15, 2025.