Highlights from 2024 Fall Economic Statement
Read CALU’s summary of the 2024 Fall Economic Statement, including details on the following topics: Small Business Share Rollover, Implementing the Canadian Entrepreneurs’ Incentive, Cracking Down on Tax Evasion and Exempting the Canada Disability Benefit from Tax. Read more
INFOexchange 2024 vol. 4 is now available!
In our final INFOexchange of 2024 you’ll read: Message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column from the Chair of our Tax Policy and Advocacy Committee, Diane Everett Expert article on “Insurance Policy Trusts in a Will – Your Wish is Not My Command” from Sanjana Bhatia, Scotia Wealth Management Expert article on “CRA Comments on New Intergenerational Transfer Rules” prepared by Kevin Wark, CALU Tax Advisor Download the report
AMT Update: Legislation Enacted and Proposed Amendments
In an update from our September 2023 CALU Report, this publication discusses recently enacted changes to the Alternative Minimum Tax (AMT) that will apply starting in the 2024 tax year and additional technical amendments proposed in August 2024 draft legislation. The CALU Report also addresses related planning implications for high-income Canadians. We extend our thanks to Will Anderson from PwC for his work on this publication. Download Now
INFOexchange 2024 vol. 3 is now available!
In our third INFOexchange of 2024 you’ll read: Message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column from the Chair of our Tax Policy and Advocacy Committee, Diane Everett Expert article on “Proposed Relief for Trust Reporting Rules” from Alex Kerslake and Ravi Singh, both from PwC Canada Expert article on “Sale of a Business: Pre-Planning Can Reduce Capital Gains Taxes” from Jamin Chen, BLG Download the report
CALU Report: Exploring the Canadian Entrepreneurs’ Incentive
Kenneth Keung and Kevin Wark explain that draft legislation on the Canadian Entrepreneurs’ Incentive released in August is improved from the original proposal in Budget 2024, but concerns remain that a significant number of small business owners will not be eligible for the deduction intended to help offset the impact of the increase in the capital gains inclusion rate to 66.67%. Download Now
CALU Practice Note: Leveraged Life Insurance and Banking Referrals
This Practice Note discusses, through a series of case studies, the federal Bank Act and provincial Insurance Act considerations relating to the referral of clients between banks (and other lending institutions) and insurance advisors. It also includes a discussion of the regulatory implications of “secondary loan” arrangements offered by certain lending institutions.(Members only) download now
CALU Report: 2024 CRA-Finance roundtable (revised)
This revised CALU Special Report provides the full text of the questions and written responses provided by the Canada Revenue Agency (CRA) and additionally Finance Canada as part of the CRA-Finance Canada roundtable at our 2024 Conference & AGM. This session which took place on May 7, 2024 allowed Conference registrants to hear from senior representatives from both organizations respond to CALU’s questions on tax policy and legislation matters, technical interpretations and audit-related issues. CALU commentary has also been included where appropriate. Download the report
INFOexchange 2024 vol. 2 is now available!
This year’s second edition of INFOexchange provides two expert articles: Kevin Wark discusses the new intergenerational transfer rules for family businesses in “Section 84.1 changes – Special considerations”; and Florence Marino and Kevin Wark address the Budget 2024 proposals to increase the capital gains inclusion rate in “Capital gains proposals – Impact on business succession planning.” The publication also includes the first message from our Chair, Jeff Wilson, as well as an advocacy update from the Chair of the new Tax Policy and Advocacy Committee, Diane Everett. Download the report
CALU Report: 2024 CRA-Finance roundtable – Update from CRA
This CALU Special Report provides the full text of the questions and written responses provided by the Canada Revenue Agency (CRA) as part of the CRA-Finance Canada roundtable at our 2024 Conference & AGM. This session which took place on May 7, 2024 allowed Conference registrants to hear from senior representatives from both organizations respond to CALU’s questions on tax policy and legislation matters, technical interpretations and audit-related issues. CALU commentary has also been included where appropriate. Download the report
CALU Report – Employee Ownership Trusts
This CALU Report by Susan Johnson and Kevin Wark provides an overview of the legislative history for EOTs, the requirements for a trust to qualify as an EOT and the new “super exemption” that is now included in Bill C-69 currently before Parliament. Download the report
