Blog: 2016 BC Budget

If you have signed, or are about to sign, an agreement to buy a newly built home in Ontario, the HST you recover could be anything from nothing to $130,000. The difference usually comes down to a signing date, a price threshold, or whose name is on the purchase agreement, and not to whether you are buying your first home.

If the CRA has served you or your accounting firm with a CRA requirement for information, and you are wondering whether you can refuse it, delay it, or fight it later, the Federal Court of Appeal has now answered that question.

If you hold cryptocurrency, NFTs or other blockchain assets in someone else’s wallet, or hold assets in your own wallet for someone else, the arrangement is very likely a bare trust. Until recently, that carried almost no compliance consequence. It now carries three reporting obligations to track: the T3 filing for 2026, the T1135, and the proposed Crypto-Asset Reporting Framework from 2027.

On September 15, 2026 (“Announcement Day”), the Department of Finance released draft legislative proposals to implement the “Productivity Mega Deduction,” permanent 100% first-year (“immediate”) expensing for a wide range of new or used depreciable property and for Canadian development expenses (“CDE”)...

Since 2022, the City of Toronto has imposed an annual Vacant Home Tax (VHT) on residential units left unoccupied for more than six months of the year. For most owners the tax is an afterthought: file the annual declaration, confirm the unit was lived in, and move on. But when the City’s administrative process breaks down, an owner can find themselves fighting a five-figure tax bill over a unit they insist was never vacant at all.

Canada's new Productivity Mega Deduction permanently provides immediate expensing for a wide range of depreciable property and Canadian development expenses, dramatically expanding the scope beyond the previously announced Productivity Super Deduction. The measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4%, positioning it as the lowest among major economies and less than half the U.S. rate.

Canada has introduced a permanent Productivity Mega Deduction allowing immediate expensing of up to 100% of eligible capital property costs and Canadian development expenses acquired after September 15, 2026. This measure aims to boost business investment and strengthen Canada's tax competitiveness by expanding immediate expensing eligibility from 15% to approximately two-thirds of capital investments, while reducing the country's marginal effective tax rate to 6.4%.

On July 2, 2026, the Canada Revenue Agency (CRA) published its updated Guidance on the Common Reporting Standard (Updated CRS Guidance).

The Québec government enacted Bill 99 on October 28, 2025 (Chapter 27), confirming an increase in the QST rate applicable to insurance premiums.

When a specified motor vehicle is acquired through a private sale (for instance, from an individual who is not registered for GST/HST purposes), the transaction is generally not subject to GST/HST.

Are you considering a career in real estate and construction? Get invaluable advice directly from Mason Bennett, CFO at Beedie. Start your journey on the right foot.

Despite repeated interest rate hikes over the past year, the real estate market in many major Canadian cities remains resilient, and construction of new housing continues to grow.

This information that follows is taken from sources including The Car Connection, Autoweek, Green Car Reports, and other industry sources.

Yes, any person remitting rents to a non-resident is required to withhold and remit to the Canada Revenue Agency ("CRA") 25% of the gross rents paid.

The Accounting Standards for Private Enterprises (ASPE) introduced new standards, effective for annual periods beginning on or after January 1, 2022.

Hybrids largely beat out all-electrics in a new ranking of the most "environmentally friendly" cars, even as some automakers signal a turn away from hybrids for the future of their business.

I studied business and consulting in Calgary and Europe and was drawn to the idea of solving problems, and creating value for people.

As U.S. President Donald Trump slaps tariffs on most of the world, the effects could lead to nearly 2 million fewer auto sales in the United States during 2025, according to the auto advisory firm Telemetry.

CPAs around the globe are utilizing the capabilities of MindBridge, allowing the Ai Auditor to do the financial data heavy lifting.

GitHub the largest cloud based code repository was hit last week using a new way to amplify distributed denial-of-service DDoS attack.