Resources & Articles

Domestic Tax


ENHANCED GST RESIDENTIAL RENTAL REBATE: Increased IncentivesDecember 8th, 2023

On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate...
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Managed services can deliver results for businessesNovember 30th, 2023

Effectively utilizing managed services is becoming a critical success factor for companies of all sizes and in all industries. Often times, a board might recommend...
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Federal Economic Statement 2023November 24th, 2023

(authored by RSM CANADA) On Nov. 21, 2023, Canada released the Federal Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
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Tax Considerations for Canadian SnowbirdsNovember 22nd, 2023

(authored by RSM CANADA) Canadian residents travelling to the United States for extended stays should carefully plan travel to avoid unintended Canadian and U.S. income tax consequences.
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Association and HSTNovember 9th, 2023

In the tax world, association can have a significant impact on your income taxes, but it can also impact your GST/HST as well.   When it...
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2023-2024 Corporate Income Tax RatesNovember 6th, 2023

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)...
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CEBA REPAYMENT DEADLINE EXTENDED: Some IssuesNovember 2nd, 2023

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...
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PAYING RENT TO NON-RESIDENTS: Withholdings
Required
October 25th, 2023

In a March 30, 2023, Tax Court of Canada case, the taxpayer was assessed for failing to withhold taxes on rent paid on Canadian real...
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GIFTS DIRECTED TO OTHER DONEES: Loss of
Charitable Status
October 20th, 2023

In some situations, a registered charity may be asked to receive donations on behalf of another organization or cause. While this may seem like a...
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Tax Planning: 2023 Year-end Considerations for Businesses and IndividualsOctober 17th, 2023

(authored by RSM CANADA) This tax planning guide for 2023 and beyond reflects considerations that may create risk or opportunity for Canadian businesses and individuals.
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