Our insights centre gives you access to our latest company news, industry reports and blogs covering a range of topics related to the financial services industry. If there is a specific issue you would like more information on or if you have a further enquiry, please feel free to contact us.

Advice and Tips

TFSA: Carrying on a Business Within It

Earnings in a TFSA are typically not taxable. However, earnings in a TFSA become taxable when they are earned from carrying on a securities trading business. A recent court case may set precedence on what’s allowed and what’s not allowed in a TFSA.

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Advice and Tips

Budget 2023: Top Five Items for Owner-Managers

The 2023 Budget aims to boost the middle class, healthcare, and the environment. Measures include EOTs, business transfers, tax credits for green investments, and dental care for the uninsured. The alternative minimum tax will also target wealthier individuals. These initiatives demonstrate the government’s dedication to a prosperous economy and a better future for all.

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Economics

2023 Budget

The Canadian government has released its budget proposal for the 2023 fiscal year, outlining a series of key initiatives aimed at supporting Canadians through the ongoing COVID-19 pandemic and beyond. Read more to find out.

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Advice and Tips

Poker Winnings – Taxable or Not?

Earnings from gambling and hobbies may be taxable depending on the intention and circumstances surrounding the earnings. If in doubt as to the tax status, consult a tax advisor.

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Advice and Tips

Witnesses for Legal Documents

When selecting an individual to witness the signing of a legal document, consider whether they would be available and willing to properly verify their signature in the future, if required.

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Advice and Tips

Employee Gifts and Parking

CRA updated several administrative policies in respect of employment benefits, effective January 1, 2022. Two of the key changes relate to employee gifts and parking. These updates were released in late 2022.

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