Navigate the Key Changes in Canadian Tax Laws with Confidence

What’s New This Year: A Clear, Actionable Overview

Recent federal proposals heightened attention on capital gains, including higher inclusion rates for some taxpayers and timing considerations around dispositions. Review planned sales, crystallization strategies, and donation approaches now, and ask us your questions in the comments.

What’s New This Year: A Clear, Actionable Overview

AMT changes increase the exemption for many taxpayers while broadening what counts toward minimum tax, affecting donations, stock options, and certain deductions. Model scenarios before large gifts or transactions and subscribe for our AMT checklist updates.

Individuals and Families: Make the New Rules Work for You

The FHSA blends RRSP-like deductions with TFSA-like tax-free withdrawals for your first home. Open early to start contribution room, coordinate with RRSP Home Buyers’ Plan, and map cash flows. Comment if you want our starter worksheet and opening checklist.

Individuals and Families: Make the New Rules Work for You

A refundable credit supports creating a secondary suite for a senior or adult with a disability. Eligible expenses, documentation, and proper receipts are crucial to claim up to the maximum benefit. Ask for our renovation log template before contractors start work.

Housing and Real Estate: Rules That Bite Hard on Compliance

Even when no tax is ultimately owed, many owners still must file or face significant penalties. Exemptions vary by ownership structure and use. Confirm your status each year and subscribe for our UHT deadline alerts and exemption flowchart.

Small Business and Self‑Employed: Navigate New Complexity

Updated rules aim to ensure genuine family transfers while preserving access to capital gains relief. Timelines, involvement tests, and control milestones matter. If your succession plan is brewing, comment with your horizon and we’ll share a customized readiness checklist.

Small Business and Self‑Employed: Navigate New Complexity

Refundable investment tax credits and accelerated write‑offs can lower the after‑tax cost of cleaner equipment and vehicles. Align purchase timing, delivery, and in‑service dates to lock eligibility. Subscribe for our sector‑specific guide covering contractors, fleets, and manufacturers.

Investors and High Earners: Plan Around New Friction Points

AMT adjustments can change the benefit from large gifts and resource investments. Pre‑transaction modeling often pays for itself by preventing unpleasant surprises. Drop a note about your planned gift or renunciation schedule for a quick feasibility pulse check.

Investors and High Earners: Plan Around New Friction Points

Maximize tax shelters by staggering contributions and withdrawals across accounts, considering bracket drift and future cash needs. Even modest rebalancing can free room for high‑growth assets. Subscribe to get our annual registered‑plan priority calendar.

Investors and High Earners: Plan Around New Friction Points

Foreign accounts, securities, and certain crypto holdings can trigger Form T1135 and other cross‑border filings. Thresholds reflect cost amounts, not market value. Tell us your asset mix and we’ll map the forms before penalty clocks start ticking.

Deadlines, Digital Filing, and Audit‑Ready Records

E‑Filing and Information Slip Changes

More payers must e‑file, and slip delivery is increasingly digital, compressing your prep window. Create a documents inbox and checklist to spot gaps early. Comment “checklist” and we’ll send our master tracker for T‑slips and receipts.

Trust and Bare Trust Reporting Expectations

Expanded trust reporting captures more arrangements, with evolving administrative relief for certain bare trusts. Map ownership, signatures, and control to determine filing needs each year. Subscribe for alerts as CRA guidance shifts through filing seasons.