Tax planning: 2022 year-end considerations for businesses and individuals
Authored by RSM Canada
RSM Canada’s 2022 year-end tax guide summarizes the key federal, provincial, and territorial tax updates that may create risk or opportunity for middle market taxpayers in 2022 and beyond.
Tax trends and topics discussed as the Canadian economy moves into 2023 include:
- The excessive interest and financing expenses limitation (EIFEL) regime
- Substantive Canadian-controlled private corporations
- Updated foreign affiliate reporting and other international tax considerations
- New mandatory disclosure rules
As year-end approaches, companies and individuals alike must carefully consider tax planning opportunities in light of economic uncertainty and evolving tax legislation and regulations. Learn more in our year-end planner.
Source: RSM Canada
Used with permission as a member of RSM Canada Alliance
The information contained herein is general in nature and based on authorities that are subject to change. RSM Canada guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM Canada assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.
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DJB is a proud member of RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms across North America. RSM Canada Alliance provides our firm with access to resources of RSM, the leading provider of audit, tax and consulting services focused on the middle market. RSM Canada LLP is a licensed CPA firm and the Canadian member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM Canada Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.
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