tax – Investment Executive https://uat-phoenix.investmentexecutive.com Canada's news source for financial professionals Tue, 11 Feb 2025 18:29:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://uat-phoenix.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png tax – Investment Executive https://uat-phoenix.investmentexecutive.com 32 32 GST/HST break juiced restaurant jobs, but left retail sector behind https://uat-phoenix.investmentexecutive.com/news/industry-news/gst-hst-break-juiced-restaurant-jobs-but-left-retail-sector-behind/ Tue, 11 Feb 2025 18:29:47 +0000 https://www.investmentexecutive.com/?p=502219 Restaurants added jobs, but 53% still operating at a loss or breaking even

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]]> CRA interest rate on overdue tax to hold steady in Q2 https://uat-phoenix.investmentexecutive.com/news/industry-news/cra-interest-rate-on-overdue-tax-to-hold-steady-in-q2/ Fri, 31 Jan 2025 16:40:15 +0000 https://www.investmentexecutive.com/?p=501411 Prescribed rate for the second quarter to remain at 4%

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]]> Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say https://uat-phoenix.investmentexecutive.com/news/research-and-markets/trump-bump-u-s-citizenship-renunciation-inquiries-surge-in-canada-lawyers-say/ Tue, 28 Jan 2025 16:33:16 +0000 https://www.investmentexecutive.com/?p=501116 The U.S. is one of the few countries that imposes tax based on citizenship, not residency

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]]> Tax reminder: Clients with short-term rental income must comply with rules or lose deductions https://uat-phoenix.investmentexecutive.com/news/industry-news/tax-reminder-clients-with-short-term-rental-income-must-comply-with-rules-or-lose-deductions/ Wed, 22 Jan 2025 20:25:11 +0000 https://www.investmentexecutive.com/?p=500729 Non-compliance results in denial of expense deductions, raising taxable income

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]]> Restaurants want GST holiday to be permanent https://uat-phoenix.investmentexecutive.com/news/research-and-markets/restaurants-want-gst-holiday-to-be-permanent/ Fri, 17 Jan 2025 14:33:46 +0000 https://www.investmentexecutive.com/?p=500407 However, some businesses have yet to see much impact from the tax break

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]]> Deadline nears to repay 2024 interest on prescribed-rate loans https://uat-phoenix.investmentexecutive.com/news/industry-news/deadline-nears-to-repay-2024-interest-on-prescribed-rate-loans/ Mon, 13 Jan 2025 20:33:40 +0000 https://www.investmentexecutive.com/?p=500097 Why clients must avoid late payment, consider current loan structure

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]]> Liberal tax promise tracker, post–fall economic statement https://uat-phoenix.investmentexecutive.com/news/industry-news/liberal-tax-promise-tracker-post-fall-economic-statement/ Fri, 20 Dec 2024 21:16:45 +0000 https://www.investmentexecutive.com/?p=498901 A look at the status of selected tax proposals from the Trudeau government

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]]> CRA confirms its approach to interest deductibility https://uat-phoenix.investmentexecutive.com/inside-track_/jamie-golombek/cra-confirms-its-approach-to-interest-deductibility/ Wed, 06 Nov 2024 21:00:28 +0000 https://www.investmentexecutive.com/?p=496156 Agency provides examples of when income-earning purpose is met

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]]> Proposed CRA audit powers sound alarms https://uat-phoenix.investmentexecutive.com/newspaper_/news-newspaper/proposed-cra-audit-powers-sound-alarms/ Tue, 05 Nov 2024 19:00:00 +0000 https://www.investmentexecutive.com/?p=495948 If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath

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]]> Finance tax rebate ruling unreasonable, court finds https://uat-phoenix.investmentexecutive.com/news/from-the-regulators/finance-tax-rebate-ruling-unreasonable-court-finds/ Thu, 03 Oct 2024 19:31:08 +0000 https://www.investmentexecutive.com/?p=493890 Rebate decision failed to properly consider impacts of the pandemic

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