As Justin Trudeau announces his plans to resign, Canadian businesses face uncertainty. Explore potential impacts, opportunities, and what the future holds for the Canadian economy and financial markets.

In the fast-paced world of investment, investors always look for ways to carefully plan and fine-tune their investment portfolio with capital gain tax.

If there is no Will, there is no way. This saying explains what happens to your estate if you do not have a will that suffices for the distribution and disposal of your assets.

Discover essential tips and strategies for navigating the complexities of the New Capital Gains Tax Law in Canada.

As if your government wasn’t enough to charge taxes, you may have to pay double estate taxes if you own assets across the border.

How can you ensure the financial security and well-being of a disabled beneficiary through estate planning?

In the accounting world, standards are the guiding stars that ensure the consistency, accuracy, and transparency of financial information.

Are you aware of the strategies available to minimize capital gains tax liabilities, particularly as you near retirement age? Capital gains tax is a tax on the profit realized from the sale of a non-inventory asset.

Navigating estate planning for blended families in Canada can be delicate and challenging. Thoughtful planning is required to ensure stepchildren, new spouses and children from previous marriages receive their fair share.

Significant changes to capital gains taxation have been made, impacting individuals, investors, and the economy at large. Understanding these changes is essential for navigating the financial landscape effectively.

See how a Trump presidency could be good for business in Canada by covering the potential benefits from trade collaboration, energy support while also touching on some of the challenges – tariffs, market volatility and immigration restrictions.

The taxpayer’s worries have increased with the news that their financial data and credentials submitted to a tax filing company have been compromised and used to acquire millions in illegal rebates from the CRA.

Have you ever heard about inter vivos trusts? Do you want your family to avoid paying probate after you pass away? Have you ever considered setting up a living trust but abandoned the idea due to high legal fees? If the answer to any of these questions is yes, you are in the right place. 

Capital Gains Tax Rules

Charitable giving is a fundamental aspect of philanthropy that allows individuals to support causes and organizations they care about. In Canada, donations can take the form of money, assets, and they can significantly impact communities and the world.

Carbon accounting has become an important tool for businesses worldwide, particularly regarding climate change, which is a serious issue.

Welcome to the realm of Registered Retirement Income Fund (RRIF) and Registered Retirement Savings Plan (RRSP) planning, an essential but often overlooked area of financial planning that can significantly impact your estate’s value.

There is virtually no inheritance tax in Canada. It is because the deceased is taxed, with his assets valuated at a fair market rate as of the time “immediately before his death.” Thus, almost everything, barring a few, owned by the deceased at the time of his death is directly taxed.

Seeing the term Probate, many people might think this is an area only Estate Professionals should traverse, but they are wrong. Everyone who has property and responsibilities should know about Probate and its process. The earlier in his life, he comes to understand it, the better.

Likely the most significant changes to capital gains taxation for individuals, investors in 2024 are going to affect the economy on a larger scale. These shifts are very important in order to understand the financial market well.

Estate planning is as important as ordinary tax planning. The well-being of a deceased’s loved ones depends on what he leaves them and in what fashion he leaves it to them. Estate planning is an intricate process that needs careful consideration.

“I Don’t Need Estate Planning! I Have so Little…” Really? Do you have no dependents, personal possessions, favorite family members, or debts?

Curious about how the new capital gains tax law could affect your investments? Dive into our guide to uncover key insights and strategies for navigating this financial landscape with confidence.

Stepping into the area of Canadian residence is like entering a maze of regulations and classifications, with each turn revealing additional levels of complexity.

The tax regulations present a continual challenge for taxpayers and professionals alike. As we transition into 2024, the enactment of Bill C-47 brings forth significant changes in the form of enhanced Mandatory Disclosure Rules (MDR), marking a pivotal moment in tax compliance.

Closing a firm can be a tough but important phase in an entrepreneur’s path. Closing a business, whether due to changing market conditions, financial difficulties, or simply a change of direction, necessitates meticulous planning and execution.

The recent unveiling of the Government of Saskatchewan’s fiscal year 2024-25 budget marks a significant milestone in the province’s economic trajectory.

Whether you’re an experienced Canadian entrepreneur or just getting started, solving the complexity of GST and HST can feel overwhelming.

Are you a business owner in Canada looking to manage your taxes and benefits efficiently? Registering for a CRA (Canada Revenue Agency) Business Account is the first step towards ensuring compliance and accessing various government programs and services tailored for businesses. This comprehensive guide will walk you through the process, step by step, making it easy for you to complete the registration procedure with confidence.

In 2023, the Canadian economy encountered challenges from rising interest rates and inflation, which affected both firms and individuals. As we enter 2024, there is some optimism for relief, while the path to healthy economic growth remains uncertain, mainly due to rising interest rates’ repercussions.

The Conference for Advanced Life Underwriting (CALU) stands as a leading voice in advocating for the interests of financial advisors and insurance professionals across Canada.