Capital gains tax increase: Postponed until 2026

Gordon Jessup • January 31, 2025 On January 31, 2025, the Canadian federal government announced a deferral of the proposed increase in the capital gains inclusion rate. Originally set to take effect on June 25, 2024, the implementation date has now been postponed to January 1, 2026. This change affects individuals realizing annual capital gains exceeding $250,000, as well as corpo ... Read more

Canadian sales tax implications for non-resident e-commerce businesses

Fuller Landau team • October 21, 2024 The Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are sales taxes administered by the federal government and applicable to most goods and services sold in Canada.  All businesses, including e-commerce businesses, with operations or sales in Canada, must consider the impact of these taxes. Failure to register and remit the correct amo ... Read more

Tax alert: Proposed changes to the taxation of capital gains

Amaan Datoo • May 23, 2024 The 2024 federal budget delivered on April 16, 2024, proposed significant changes as to how capital gains will be taxed for capital gains realized on or after June 25, 2024. Budget 2024 proposes to increase the portion of the capital gain that is taxable from half, or 50 per cent, to two-thirds for Canadian corporations ... Read more

Federal budget 2024

Fuller Landau team • April 17, 2024 On April 16, 2024, Deputy Prime Minister and Minister of Finance Chrystia Freeland delivered the 2024 federal budget, which was titled “Fairness For Every Generation”. The Minister presented the Budget as the government’s plan, “to build a Canada that works better for every generation, where you can get ahead, where your hard work pays off, ... Read more

Non-resident rental income: What are the tax obligations?

Fuller Landau team • December 14, 2023 If you are a non-resident who earns rental income, you must meet certain tax obligations with the Canada Revenue Agency (CRA). The income you earn from rental properties is subject to tax under Part XIII of the Income Tax Act (Canada). Rents earned by Non-residents are subject to tax under Part XIII at a rate ... Read more

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