Tax Letters

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eligible capital property

What do the Proposed Changes for the Taxation of Eligible Capital Property Mean?

Date: October 2016

The 2016 Federal Budget announced a proposal to repeal the existing eligible capital property (“ECP”) regime and replace it with a new regime that will ...

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principal residence exemption

Proposed Changes to Canada’s Principal Residence Claim

Date: October 2016

What is Principal Residence Exemption? The sale of a capital property for an amount greater than its cost generally leads to a capital gain, 50 ...

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GST/HST across the provinces

Important Updates for GST/HST Registrants

Date: June 2016

 HST Rate Changes There are upcoming Harmonized Sales Tax (“HST”) rate changes that will necessitate modifications to accounting systems and invoicing processes for GST/HST-registered businesses operating ...

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New Brunswick HST rate

New Brunswick HST Rate Increases to 15%

Date: April 2016

The New Brunswick government announced in its 2016 budget¹ that its HST rate will be increased from 13 per cent to 15 per cent, effective July 1, ...

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2016 fall economic update

Federal Budget 2016 Tax Highlights

Date: March 2016

On March 22, 2016, Finance Minister Bill Morneau tabled the first federal budget (“Budget 2016”) of the Justin Trudeau-led Liberals. As expected, Budget 2016 focuses ...

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Cover page of Ontario Tax Bulletin

Updated: The Ontario Retirement Pension Plan – Will you be ready?

Date: March 2016

This Tax Bulletin was originally posted September 23, 2015. The Ontario government announced changes to the implementation timeline of the ORPP in February 2016. Those ...

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Illustration of Canadian quarter

Ontario Budget 2016 Tax Highlights

Date: February 2016

Today, Ontario’s Finance Minister, the Honourable Charles Sousa, tabled the province’s budget for 2016 (“Budget 2016”). This year’s budget proposes modest tax changes, which include ...

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Pen checking a checklist for 2015 personal income tax

2015 Personal Income Tax Organizer

Date: February 2016

Our 2015 Personal Income Tax Organizer is now available for download. This document is designed to assist you in gathering the reporting information and documents necessary for ...

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Canadian CRA tax return forms

New Non-Canadian Resident Employer Certification

Date: January 2016

New Non-Canadian Resident Employer Certification On January 12, 2016, the Canada Revenue Agency (“CRA”) provided guidance on new changes to the withholding tax requirements under ...

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ticking clock cropped

Important 2015 Tax Reporting Deadlines

Date: January 2016

ALL EMPLOYERS By February 29, 2016 If you paid salary, employment commissions or employee benefits from January 1 to December 31, 2015, you must complete ...

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tags

Election for Nil Consideration – Filing Deadline Coming December 31, 2015

Date: December 2015

Nil consideration election for goods and services tax/harmonized sales tax (GST/HST) purposes GST/HST rules allow qualifying members of a closely-related group to elect to treat ...

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Tax Tips cover image

Tax Tips 2015 – 35 Easily adaptable tax ideas for you and your family

Date: December 2015

35 Easily adaptable tax ideas for you and your family Our annual Tax Tips can assist you in your tax planning. It presents some quick ...

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