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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 [...]

The government has released a legislative proposal to amend the definition of a “share custody parent” under section 122.6 of the Income Tax Act in response to Federal Court of Appeal decisions [...]

On August 29, 2019, Canada deposited its instrument of ratification with the Depositary of the Multilateral Instrument (“MLI”). Essentially, the MLI will override Canada’s bilateral tax [...]

On July 30, 2019, the government released draft income tax legislation with explanatory notes for consultation. Comments should be submitted by October 7, 2019. All of the proposed amendments [...]

Recently the CRA added new administrative guidance pertaining to the revised tax on split income (“TOSI”) rules to its website. You might understandably be having difficulty keeping track of all [...]

On June 28, 2019, the Ontario Court of Appeal released its decision in Reference re Greenhouse Gas Pollution Pricing Act, 2019 ONCA 544. By a four-to-one verdict, the Court of Appeal concluded [...]

On June 21, 2019, Bill C-82, Multilateral Instrument in Respect of Tax Conventions Act, and Bill C-97, Budget Implementation Act, 2019, No. 1, received Royal Assent. C-97 enacted the following [...]

In Budget 2019, the federal government announced that it intends to cap the 1/2 deduction for employee stock option benefits to $100,000. The Liberal government’s 2015 election platform [...]

On April 16, 2019, the Newfoundland and Labrador government tabled its 2019 Budget, but it didn’t pass before the election was called. On June 11, 2019, the re-elected government [...]

In a new technical interpretation (2018-0777751E5), the CRA provided some interesting guidance on claiming the medical expense tax credit (“METC”) with respect to medical cannabis [...]