Tag Archives: Tax Income

How Does Investment Income Get Taxed?

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Different Ways Investments Get Taxed Understanding the tax implications of different investment assets and accounts in Canada is crucial for maximizing investment income and minimizing tax liabilities. When it comes to investing, taxes can significantly impact your overall returns. Different types of investment income are taxed differently, and the tax treatment varies depending on the […]

Federal Budget 2023: Personal Tax Matters

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2023 Federal Tax Canada’s Finance Minister, the Honourable Chrystia Freeland, tabled the 2023 federal budget on March 28, 2023. Canada’s economy is now 103% the size it was before the pandemic, marking the fastest recovery of the last four recessions, and the second strongest recovery in the G7. The unemployment rate is near its record […]

Federal Budget 2023: Sales & Excise Tax

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GST/HST Treatment of Payment Card Clearing Services Budget 2023 proposes to amend the GST/HST definition of “financial service” to clarify that payment card clearing services rendered by a payment card network operator are excluded from the definition to ensure that such services generally continue to be subject to the GST/HST. This measure would apply to […]

Federal Budget 2023: Corporate Tax Matters

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2023 Federal Tax Canada’s Finance Minister, the Honourable Chrystia Freeland, tabled the 2023 federal budget on March 28, 2023. Canada’s economy is now 103% the size it was before the pandemic, marking the fastest recovery of the last four recessions, and the second strongest recovery in the G7. The unemployment rate is near its record […]

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