December 20th, 2024
Prescribed Interest Rates Fall Yet Again in January 2025: Key Tax Considerations
The CRA is decreasing prescribed interest rates in 2025—explore the impacts on taxpayers and discover key strategies to optimize financial planning.
New Bare Trust Reporting Rules
Posted on September 7th, 2023 in Domestic Tax, General Business
Under new Canadian legislation, bare trust arrangements are now subject to the filing requirements of a T3 Trust Income Tax and Information return. This new legislation applies to trusts with tax years ending on or after December 31, 2023, with significant penalties for failure to comply.
In this important tax alert, authored by RSM Canada, they highlight what information is required to be reported, the deadlines, penalties for non-compliance, and which trusts may be exempt from filing.
Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.
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Fall Economic Statement 2024
On Dec. 16, 2024, Canada released the Fall Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
December 5th, 2024
Regulation 105: What You Need to Know About Withholding Tax and CRA Audits
November 19th, 2024
U.S. Challenges Canada’s Digital Services Tax Act Under CUSMA
The Federal budget proposed AMT changes impact tax benefits for individuals and trusts.
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