August 27th, 2024
REMINDER: What do the proposed Alternative Minimum Tax changes mean for charitable giving?
The Federal budget proposed AMT changes impact tax benefits for individuals and trusts.
2023-2024 Corporate Income Tax Rates
Posted on November 6th, 2023 in Domestic Tax
RSM has created a handy table of the tax rates imposed by the federal and provincial/territorial authorities on income earned by Canadian-controlled private corporations (CCPCs) and general corporations. We’ve linked to it below for easy access. Also included in the table is the combined federal and provincial tax rate for your convenience.
Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.
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June 26th, 2024
New 2024 Tax Changes to Intergenerational Business Transfers in Canada
(authored by RSM CANADA) The new intergenerational transfer rules included in Bill C-59, which received Royal Assent on June 20, 2024, provides an exception from the "surplus stripping" rules in Canada.
June 12th, 2024
New Legislation Released Increasing the Capital Gains Inclusion Rate in Canada
On June 10, 2024, a Notice of Ways and Means Motion was released to amend the Income Tax Act to increase in capital gains inclusion rate.
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