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Tax News
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BC Budget 2023 Consultations
You have until Friday June 24, 2022 at 3 pm Pacific time to share your views on the 2023 Budget.
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Selling Capital Property Non-Arm's Length For Less than Market Value
This could result in deemed proceeds of FMV to the seller while the recipient must use actual transaction amount as their cost, resulting in double taxation of the difference between FMV and transaction amount.
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TaxTips May 2022 Newsletter
CRA CEBA collections; Late filing penalties; Changing a tax return; 2022 Corporate tax rates; Unlocking pension plans; EV rebates & much more!
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Bill C-8 Receives Royal Assent
This bill includes the 1% Underused Housing Tax, enhanced School Supply tax credit, extended Northern Residents Deduction and other measures.
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2022 Sales Tax Rates PST RST QST GST HST
There have been no changes to sales tax rates so far for 2022, but NL and SK have made some changes to what is taxable or exempt.
