MILESTONE WEALTH NEWSWIRE

Maternity or parental leave is not always planned; however, there are several ways one can still take advantage of a lower year(s) of taxable income for those with salary levels at higher marginal tax rates....

Tax treatment of intergenerational transfers of family farms and fisheries has been a long-standing issue facing many Canadians, after several prior failed attempts to amend this, Bill C-208 has thankfully and finally addressed this concern and offer...

New Federal legislation is moving forward and will adopt several measures from the prior proposals drafted in June 2019, as these were stalled due to the onset of the pandemic last spring. The bill will specifically implement changes to the Income...

Political donations are, first and foremost, to demonstrate support for the party or candidate of your choice, but the tax benefits are perhaps more than most Canadians realize. They may be either Federal or Provincial/Territorial, each with varying...

Income splitting strategies are always top of mind in order to minimize taxes, especially with many options being eliminated and/or reduced significantly by CRA in recent years. That said, CRA recently updated their prescribed loan rate for family...

We continue to receive information and amendments on federal government aid packages available for small and medium-sized businesses affected by the COVID-19 situation. This includes both wage subsidies and credit through the Canada Emergency Busines...