Feb 2, 2026TFSA Excess Contributions: Decline in Value
A July 25, 2025 Federal Court case found that CRA s denial of penalty tax relief on excess TFSA contributions was reasonable. Due to…
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Jan 6, 2026First-Time Home Buyers’ (FTHB) GST Rebate: Relief for New Home Purchases
The government has proposed to provide GST relief on the purchase of new homes valued at up to $1.5 million by first-time home buyers.…
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Dec 1, 2025Year-end Tax Planning Considerations – 2025 Edition
December 31, 2025 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss…
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Nov 1, 2025Child/Spousal Support Amounts: Changing the Agreement
Spousal support payments are generally taxable to the recipient and deductible by the payer. On the other hand, child support payments are neither taxable…
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Sep 15, 2025Moving Expenses: Travel Distance
An August 25, 2025 Tax Court of Canada case considered whether a taxpayer’s relocation expenses in 2020 qualified as deductible moving expenses. The dispute…
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Aug 10, 2025Losses From Personal Scams: No Tax Deduction Available
A June 18, 2024 Technical Interpretation discussed the tax treatment of losses resulting from a personal scam, as opposed to an investment scam. Two…
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Jun 10, 2025Canada Disability Benefit: New Support!
The Canada disability benefit is a new monthly payment for working-age persons with disabilities who have low income. The first payments will be made…
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Jan 22, 2025Secondary Suites – Tax Considerations
There are several reasons an individual might convert part of their home into a rental property. However, this action can have significant income tax…
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Jan 11, 2025Administration of the increased Capital Gain Inclusion rates
The Capital Gain Inclusion Rate has been proposed to increase from 50% to 2/3, effective June 25, 2024, for corporations and most trusts as…
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