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. Read more
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. Read more
May 29th, 2024 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. Read more