On November 14, 2016, Finance Minister Charles Sousa presented the 2016 Ontario Economic Outlook and Fiscal Review. The Review projects a $4.3 billion deficit in 2016-2017, with balanced budgets [...]
By Michael Atlas Michael Atlas is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters, with particular emphasis on [...]
by Jacques Roberge, Analyst, Commodity Taxes, Wolters Kluwer Last year, members of the construction industry in Quebec and across Canada breathed sighs of relief following decisions rendered by [...]
Principal Residence and the Capital Gains Exemption: Can the Boomers Use Millenials to Their Advantage?
by Robert Boucher, Analyst, Wolters Kluwer Summary Principal residence exemption allows for tax-free sale of home. Exemption can also be used by parents renting to their children. CRA policy may [...]
Tax Increases for Newfoundland and Labrador: Will Macro-Economic Tailwinds Continue to Tighten Fiscal Policy Over the Long-Term?
by M. Lori Adams, MBA, JD Summary Newfoundland and Labrador is introducing widespread increases in sales taxes and personal taxes due to falling oil prices. However, new credits and rebates will [...]
A Wolters Kluwer Special Summary Summary The Harper Government announced the new Federal Budget on April 21st, 2015 Important changes are being made to the TFSA account (increasing the limit to [...]