Tax Alert Archives January 2014

Federal Budget to be delivered on February 11, 2014

On January 27, 2014, the Minister of Finance (Canada) announced that the 2014 federal budget will be tabled in the House of Commons on February 11, 2014. For more information, please visit: http://www.fin.gc.ca/n14/14-013-eng.asp

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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Release of Legislative Proposals to Exempt Hospital Parking from GST/HST

On January 24, 2014, the Government of Canada released legislative proposals relating to the Excise Tax Act (Canada) that would provide an exemption from the GST/HST for hospital parking paid by patients and visitors. Comments on the legislative proposals may…

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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Taxpayer relief available for businesses affected by power outages due to severe weather conditions in Ontario, Quebec, and Atlantic Canada

The Government of Canada wants to remind businesses that the CRA taxpayer relief provisions are available to those that have been unable to meet their tax obligations because of the recent power outages in Quebec, Ontario and Atlantic Canada. Taxpayer…

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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2014 Canadian income tax rates for individuals

The CRA released on its website the federal and provincial/territorial tax rates applicable to individuals for 2014.

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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Release of draft legislative proposals on the reporting of international electronic funds transfers to the Canada Revenue Agency

On January 9, 2014, the Government of Canada released for public comment draft legislative proposals and explanatory notes that would require the reporting of international electronic funds transfers of $10,000 or more to the Canada Revenue Agency. Comments on the…

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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Protocol to the Tax Treaty Between Barbados and Canada enters into force

On December 17, 2013, the amending protocol to the Barbados – Canada Income and Capital Tax Treaty (1980) entered into force. The protocol was signed on November 8, 2011. The protocol is generally effective from January 1, 2014, except for…

Prepared by: Marie-Eve Gosselin

Marie-Eve Gosselin is a partner and practices in the firm’s Toronto office. Her practice encompasses all aspects of personal and corporate tax planning for a wide variety of clients, including private corporations and their owner-managers, public corporations, trusts, professionals, executives… more »

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