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Navigating New GST/HST Joint Venture Election Proposed Rule Changes: Key Insights for Family-Owned Enterprises

Recent legislative proposals have introduced significant changes to the GST/HST Joint Venture Election rules under the Excise Tax Act. These amendments have crucial implications for family-owned enterprises involved in joint ventures. Summary of the Key Amendments: Definitions and Qualifications: The…

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Understanding the CRA’s New Mandatory Disclosure Rules: Implications for Family-Owned Enterprises and High-Net-Worth Individuals

The Canada Revenue Agency's (CRA) new Mandatory Disclosure Rules add complexities to tax planning and reorganizations. These rules are pivotal for family-owned enterprises and high-net-worth individuals engaged in sophisticated tax planning strategies. Overview of the New Rules: Background: The CRA…

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What the CRA Said

Canada Worker Lockdown Benefit On December 22, 2021, the Government of Canada announced that it would be expanding eligibility for the Canada Worker Lockdown Benefit (CWLB). Canadians in designated regions affected by lockdowns or qualifying capacity restrictions can apply for the benefit. Currently,…

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