New Surtaxes on Imports Starting October 1, 2024

On August 26, 2024, the federal government announced new surtaxes targeting imports from China. This move is aimed at safeguarding the Canadian automotive...

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Tax Deductions and Credits for Ontario Businesses Using Electric Vehicles (EV)

As businesses in Ontario strive to modernize their operations and reduce their carbon footprint, the adoption of electric vehicles (EVs) has become...

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Fijal v. The King

In Fijal v. The King, the Tax Court of Canada addressed a complex tax dispute between the taxpayer, Mr. Fijal, and the Canada Revenue Agency (CRA)...

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Non-Resident Landlord Withholding Tax: Know Your Responsibilities

Landlords who are not tax residents of Canada and their tenants should be aware of filing and reporting requirements relating to the 25% federal...

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Penalties Applicable to Charities for Issuing False or Incorrect Donation Receipts

The Income Tax Act provides a significant deduction for charitable donations. A charity’s donation receipts can provide serious incentive to don0rs when...

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Canada Emergency Business Account (CEBA) Loan Forgiveness

During the Covid-19 pandemic, the Canada Emergency Business Account (CEBA) provided a lifeline for many businesses by offering interest free loans to help...

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Unused Tuition, Textbook, and Education Tax Credits

The Canadian tax system offers several tax credits aimed at supporting students with the financial burden of post-secondary education. Two of these credits,...

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Tax Implications of Spousal Support Payments in Canada

Navigating the tax landscape of spousal support payments can be complex, but it is essential for ensuring compliance with Canadian tax laws. Managing these...

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The Public Service Bodies’ Rebate

Charities often operate with tight budgets while delivering essential services. To support these vital organizations, the government offers a valuable...

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The 2024 Digital Services Tax: What Businesses Need to Know

What is the Digital Services Tax? The Digital Services Tax (DST) was initially proposed in 2020 and was implemented in 2024. This tax applies retroactively...

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