April 26th, 2024
Plan Ahead to Overcome Increased Capital Gains Inclusion Rate
(authored by RSM CANADA) Exploring tax planning strategies in the face of the proposed increase to the capital gains inclusion rate.
Posted on November 2nd, 2023 in Domestic Tax
On September 14, 2023, the Department of Finance provided details on extending the deadline for Canada Emergency Business Account (CEBA) repayments, including the following key elements:
Financial institutions will contact CEBA loan holders directly regarding their loans. The above changes also apply to CEBA-equivalent lending through the Regional Relief and Recovery Fund.
ACTION ITEM: Ensure you fully understand the deadlines to avoid missing the partial loan forgiveness.
Article originally published in: Tax Tips & Traps 2023 Fourth Quarter – Issue 144.
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