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This global automatic information exchange initiative is based on each jurisdiction’s participation in the OECD’s Multi-lateral Convention on Mutual Administrative Assistance in Tax Matters.

In our prior update entitled Cryptocurrencies and Tax: Five Things Every Canadian Needs to Know, we explained the CRA views on the taxation of cryptocurrency...

Months into COVID lockdown with no near end in sight, employers continue to encourage employees to work from home and seek opportunities to offer financial relief to their employees.

The Minister of Finance tabled the Government's 2016 Federal Budget on March 22, 2016.

‘Interest’ is deductible in terms of section 24J(2) of the Income Tax Act. The term ‘interest’ is defined to include any interest ‘or similar finance charges’. The meaning of ‘similar finance charges’ has been uncertain since the 2016 amendment replaced the broader expression ‘related finance charges’ with ‘similar finance charges’. Under the previous wording, the SCA held in CSARS v South African Custodial Services that various costs closely connected to obtaining finance, including guarantee, advisory, margin, commitment, legal and administration fees, qualified as ‘related finance charges’.

The March 19, 2007 Federal Budget ("Budget") introduced proposals to increase the capital gains exemption from $500,000 to $750,000.

In November 2022, we wrote about the federal government's proposal in the 2022 Fall Economic Statement to tax share buybacks by public corporations in our blog, Canada Proposes New...

On November 4, 2025, the federal government introduced Canada Strong: Budget 2025 ("Budget 2025"), the first tabled by the Liberals under Prime Minister Mark Carney's leadership.

The year 2017 was eventful from both Canadian and U.S. tax perspectives. In Canada, the Liberal government introduced new rules on income splitting and released controversial proposals on the taxation...

In the 2019 federal budget, the Canadian federal government announced changes to the taxation of employee stock options. On November 30, 2020, in its Fall Economic Statement, the federal...

New legislation proposed in the 2019 Federal Budget would limit the extent to which employees will be entitled to favourable Canadian income tax treatment on certain stock options.

Every year, people need to update themselves on the tax facts of the country where they live or own a business.

On January 31, 2025, the Minister of Finance of Canada announced that the federal government is deferring the proposed date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts.

The Canada Revenue Agency has released information about the 2006 T1 tax return filing season.

The Department of Finance announced this morning that it will amend the Income Tax Act (Canada) (the "Tax Act") in response to certain transactions involving "stapled securities" that it considers to be end runs around its efforts to tax income trusts.

United States citizens and "green card" holders who live abroad have long been subject to U.S. tax reporting obligations.

In a welcome development for taxpayers, the Department of Finance ("Finance") announced on January 31, 2025 (the "Announcement") that it would defer the implementation of the proposed...