Tax & Accounting

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.

The Statement announced several new and updated tax measures. Some new legislation was also introduced. Chrystia Freeland also tabled Bill C-32...

New modules for CCH iFirm® Taxprep to offer enhanced capabilities delivering comprehensive solutions for tax and accounting firms of all sizes across Canada

63% more T1 returns were e-filed by tax practitioners using the company’s CCH iFirm Tax solution than prior tax year