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Major Canadian tax bills enacted into law

Two major Canadian tax bills were enacted into law before Parliament adjourned for the summer.

Canadian capital gains tax increase to take effect June 25

The House of Commons voted to approve the NWMM on June 11, 2024.

Even the dead wouldn’t be spared from Canada’s capital gains hike

Canada’s proposed increase to its capital gain inclusion rate is likely to impact a wide cross-section of taxpayers.

Canadian government moves ahead with Global Minimum Tax Act

Canada’s Pillar Two legislation, the Global Minimum Tax Act, is introduced in Parliament. In their Update, Patrick Marley, Oleg Chayka, Ilana...

Clean energy tax incentives in Budget 2024

Budget 2024 includes tax incentives to support the adoption of clean energy technology and Canada’s net-zero commitments, including investment tax...

Federal budget briefing 2024

Get expert insight and analysis of the tax proposals in Budget 2024, including the capital gains inclusion rate increase and other new or updated...

Guide to new Canadian trust reporting rules

New rules expand which trusts have to file Canadian returns and what information is required. The first reporting deadline under the new rules is...

Department of Finance releases consultation papers on patent box regime and SR&ED

The Department of Finance opened two consultations regarding a new patent box regime and the existing SR&ED program with comments due by April 15.

CRA releases revised APA guidance

The CRA revised its guidance on Advance Pricing Arrangements, introducing significant updates to criteria for acceptance into the program. The...

OECD releases transfer pricing guidance on a simplified and streamlined approach (Amount B of Pillar One)

The OECD has released its first transfer pricing report on Amount B of Pillar One, which introduces a simplified transfer pricing methodology for...