Director Liability: De Facto Director
July 15th, 2024
Directors can be personally liable for payroll source deductions (CPP, EI, and income tax withholdings) and GST/HST unless […]
INSIGHTS
What Every Charity Needs to Know about the Calculation of the Disbursement Quota
July 10th, 2024
In January 2023, Canada Revenue Agency increased the required disbursement quota for charities from 3.5% to 5.0% on […]
Expense Claims that Pass the Audit Test
July 5th, 2024
Often taxpayers are audited by the Canada Revenue Agency (CRA) and end up being surprised when some or […]
Non-Profit Organization: Maintaining its Status
July 3rd, 2024
An August 30, 2023, Technical Interpretation discussed whether an entity could maintain its status as a non-taxable non-profit […]
New 2024 Tax Changes to Intergenerational Business Transfers in Canada
June 26th, 2024
(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.
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