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Manitoba is introducing a new tax regime that will capture transfers of beneficial interests in land, even where legal title remains unchanged. Effective January 1, 2027, these amendments represent a significant shift from the province's historical approach to land transfer taxation. Property owners and advisors will need to carefully review existing structures and planned transactions to understand the implications of this expanded tax regime.

The Underused Housing Tax (the "UHT") is levied at a rate of 1% annually on the value of vacant or underused residential property in Canada.

On November 19, 2020 Bill C-9 (An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy)) was enacted into law.

This is the final post in a three-part series that provides important information regarding Vacant Unit Tax for homeowners in the City of Ottawa

New Brunswick Finance Minister Roger Melanson tabled the province's fiscal 2016–17 budget on February 2, 2016.

Over the last decade, Canadian tax and private client practitioners have faced an ever-increasing amount of international and cross-border inquiries.

The Province of Ontario, municipalities and affected Boards and corporations are in the midst of dealing with emergency processes to aid property tax payees throughout Ontario in response to the COVID-19 outbreak.

When a Canadian resident holds specified foreign properties with a cost exceeding $100,000 anytime during the taxation year, he or she must file the T1135 form...

Prime Minister Justin Trudeau beseeched Canadians to follow public health guidelines and has warned that if they fail to, the government may be forced to implement stiff enforcement measures.

The Tax Court of Canada in 3792391 Canada Inc. v The King, 2023 TCC 37, found the tenant to be liable for a failure to withhold and remit tax on rental payments made to the tenant's non-resident landlord.

Litman v. The King was an appeal before the Tax Court of Canada (Tax Court) brought under informal procedure rules.

A taxpayer is subject to many types of taxes and the rules for each type of tax are laid out in a piece of legislation.

We have been receiving questions about MPAC's recent mailing for residential property tax assessments.

Whether you are a U.S. citizen living in Canada, a Canadian spending time in the U.S., or a Canadian with property in the United States, it's important you know your responsibilities when it comes to filing your taxes.

Bill 104 modifies several aspects of municipal governance and internal operations (creation of an executive committee...

On February 20th, 2018, British Columbia Finance Minister Carole James announced the 2018 British Columbia Budget. No increases in existing income tax rates

The Federal Court of Appeal has determined in Sommerer that subsection 75(2) of the Income Tax Act did not apply to a fair market value sale of property to a trust.