The highlights from the tips and traps this quarter outline recent tax updates affecting individuals and businesses. Key changes include a significant overhaul of the Voluntary Disclosures Program, which now distinguishes between “prompted” and “unprompted” applications with varying relief levels. It also highlights a Federal Court decision denying TFSA overcontribution relief due to loss in value, a Tax Court ruling disallowing clothing expense deductions for commissioned em

The highlights from the tips and traps this quarter include several key tax developments in Canada, including a proposed reduction of the...

In this post, we’re diving into some valuable updates and insights to help you stay informed and ahead. Inside, you'll find hot tax tips,...