“ONE BIG BEAUTIFUL BILL” COULD TRIGGER MAJOR CHANGES IN CROSS-BORDER TAXATION
03 Jun 2025As the U.S. continues to grapple with fiscal pressures, the Trump administration’s sweeping tax and spending package, dubbed the “One Big Beautiful Bill Act,” has cleared the House of Representatives and now faces Senate scrutiny. Among the most consequential measures for Canadians: a new excise tax on outbound money transfers by non-citizens and a sharp increase in tax on U.S.-source income.
Can You Leverage the New Canadian Entrepreneurs’ Incentive?
09 Sep 2024To start and scale a business, entrepreneurs require substantial capital for investments in workforce, technology, and infrastructure. The 2024 federal budget introduced a new Canadian Entrepreneurs’ Incentive (CEI) aimed at driving economic growth and boosting productivity, but the draft severely misses the mark.
Now What? The Benefit of a Capital Gains Reserve After the Inclusion Rate Hike
26 Jun 2024While the window for major dispositions has closed, taxpayers still have options in light of the CGIR changes. One such strategy, often overlooked but now more valuable than ever, is the capital gains reserve.
Understanding Life Interest Trusts: A Guide to Mitigating Capital Gains Tax Impact
23 May 2024Life interest trusts are often used in estate planning to bypass probate, ensure privacy and confidentiality, act as a substitute for a will, and ensure ongoing benefit from assets while preserving family legacies.
Navigating the Upcoming Capital Gains Tax Changes: Strategies for Wealth Preservation
16 May 2024The 2024 federal budget introduced a significant proposed increase to the capital gains inclusion rate from 50% to 66.67% for corporations and trusts, and for individuals on net capital gains exceeding $250,000 annually.