The year end planning tax tips and traps provides a high-level overview of 2025 year-end tax planning considerations for business owners, investors, and high-net-worth individuals. It covers strategies such as managing capital gains and losses, planning around OAS and CPP, optimizing RRSP, TFSA, FHSA and RESP contributions, and taking advantage of available deductions and credits before year-end. It also highlights planning opportunities for business owners, including accessi

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,...