On November 5, 2026, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, presented Budget 2026 – Masters of Our Destiny to the House of Commons. No changes were proposed to personal or corporate tax rates. Budget highlights…
November decision brief Canada enters November with a sharper fiscal problem than the one we described in our October edition. The federal government wants businesses to invest, retool and find customers beyond the United States. At the same time, the…
Imagine a Canadian family enterprise that has spent twenty years building a strong business at home. A U.S. customer then asks for local inventory. A key employee moves to Texas. The family acquires a minority interest in a Mexican supplier…
October decision brief The economy is adapting. The trade relationship is not stabilizing. Canada enters October with a more complicated picture than it carried into September. The second quarter produced a meaningful rebound in output and productivity, businesses are visibly…
A family-owned Canadian business acquires a U.S. company, opens a foreign investment account and begins moving cash between related entities. The tax returns show the income. The financial statements show the balances. Management assumes the cross-border reporting is therefore covered…
A Canadian family enterprise inserts a holding company in a treaty country before paying a large dividend from Canada. The legal chart looks clean. The treaty rate is lower. The tax model appears compelling. But a treaty is not a…
A Canadian family enterprise earns income abroad, pays tax there, and then reports the same income in Canada. Management assumes the foreign tax will simply come off the Canadian tax bill dollar for dollar. Sometimes it does. Sometimes it does…
A Canadian family enterprise has spent years building a profitable foreign subsidiary. The local company has paid foreign corporate tax, reinvested its earnings and accumulated several million dollars of cash. The family now wants to bring some of that cash…
A Canadian family enterprise forms a foreign subsidiary to hold investments while its operating business grows abroad. The subsidiary earns interest, rent and portfolio returns and keeps the cash offshore for reinvestment. No dividend is paid to Canada, so the…
Most family businesses don’t fail because they aren’t profitable. They falter when a founder passes away, when ownership needs to change, or when a major tax bill arrives at the worst possible time. We have seen it many times. A…