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TaxEd International Blog

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Canada’s New Underused Housing Tax - What You Need to Know Before the Filing Deadline on April 30

Canada - February 28 2023 Effective for the 2022 calendar year, the new Underused Housing Tax (“UHT”) is an annual 1% tax on the value of vacant and underused residential…

Recent Draft Legislation - Limitation on Excessive Interest and Financing Expenses

Canada, OECD - November 28 2022 This updated is intended for those seeking additional insights into the revised draft legislative proposals regarding the proposed excessive interest…

New Reporting Rules for Digital Platform Operators

Canada, OECD - November 25 2022 On November 3, 2022, the Department of Finance introduced draft legislation to implement the reporting and due diligence standards of the Model Rules…

Selected Tax Measures in Canada’s 2022 Fall Economic Statement

Canada, OECD - November 10 2022 This update is intended for those seeking additional insights into the Fall Economic Statement 2022 including its impact on both domestic and…

Incorporating an Ontario Corporation: Bill 213 Amendments and Tax Considerations

Canada - August 20 2021 On December 8, 2020, Bill 213, Better for People, Smarter for Business Act, 2020 received Royal Assent. The bill includes significant amendments to…

Seven areas the Canada Revenue Agency is scrutinizing

Canada - June 24 2021 The 2021 Federal Budget devoted an additional $304.1 million to the CRA to help it combat tax evasion and aggressive tax avoidance. The federal…

CRA’s request to Coinsquare follows the IRS’s success with Coinbase

Canada - June 7 2021 Unsurprisingly, the Canada Revenue Agency (“CRA”) followed the Internal Revenue Service (“IRS”) in seeking a court order for records from…

Tax Issues with Employees Working Remotely in Canada

Canada - April 29 2021 Remote work has become a new normal for many employees and employers, offering benefits to both parties. However, the prevalence of remote work has…

Incorporation for Real Estate Professionals

Canada - February 9 2021 Accountants, engineers, lawyers, doctors, dentists. Now real estate professionals join the Ontario regulated professionals who are able to personally…

Indemnité de fin d’emploi : imposable ou non?

Canada - February 1 2021 La question se pose régulièrement en matière d’indemnité de fin d’emploi : qu’est-ce qui est imposable et qu’est-ce qui ne l’est pas? Le présent…