Federal budget date

This tax briefing briefly summarizes the key tax announcements from Budget 2023. Notable announcements include: amendments in response to Bill C-208, modifying the alternative minimum tax, and many measures for incentives pertaining to clean energy.

2022 federal Budget announced a new measure that targets “substantive” Canadian-controlled private corporations. Essentially, the federal government was concerned that taxpayers are intentionally undertaking transactions to remove the CCPC status...

Mr. Charles Mony appealed a reassessment, issued on Oct. 13, 2017, by which the Minister of National Revenue attributed to the Taxpayer a capital gain of $450,373 realized by his spouse on the sale of the capital stock of Créaform Inc.

A Canadian taxpayer may donate property to a registered charity and obtain income tax relief for doing so