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Tax and accounting professionals can now choose between two new tax compliance applications from Wolters Kluwer: CCH iFirm Cantax and CCH iFirm Taxprep. Both products are part of the cloud-based [...]

Budget 2020: A Balanced Plan to Keep B.C. Moving Forward, was presented by British Columbia Finance Miniser Carole James on February 18, 2020. The Budget projects surpluses of $227m in 2020-2021, [...]

How is your corporate tax function performing? Is it keeping pace with ever-changing tax laws, disruptive technological advancements and the [...]

The corporate tax landscape is changing rapidly.  To keep up, there is a need for a dramatic shift to occur in the way tax [...]

Recently, the Department of Finance issued a comfort letter regarding whether the advantage tax under Part XI.01 of the Income Tax Act (the “Act”) applies to investment fees in respect [...]

The federal government has announced the 2020 Climate Action Incentive payment amounts for residents of four provinces in which the carbon price backstop will apply. For those provinces that do [...]

The general rule regarding the application of GST/HST is relatively straightforward. The Excise Tax Act (“Act”) stipulates that the recipient of a property or service supplied by a [...]

Background on the Taxation of Employee Stock Options Under the Income Tax Act (the “Act”), employee stock option benefits are treated differently than other forms of remuneration from [...]

The government launched a consultation on proposed changes to the employee stock option deduction rules on June 17, 2019. The consultation closed on September 26, 2019, and the government is [...]

Shortly before the beginning of each calendar year, the Department of Finance publishes the limits for certain automobile deductions and rates for businesses, which are applicable to that year. [...]

On December 9, 2019, Minister of Finance, Bill Morneau, introduced a Notice of Ways and Means Motion to increase the basic personal amount (“BPA”) for individual taxpayers. Currently, the BPA for [...]