Canada: Corporate Tax

Trusts are powerful tools for preserving wealth and facilitating intergenerational transfer, yet they remain widely misunderstood by families with business or investment assets. This article examines the fundamental nature of trusts, the critical distinction between legal and beneficial ownership, and how proper education and thoughtful design can help families avoid common pitfalls. Michael Goldberg explores why misconceptions about trusts can lead to confusion and conflict, and how to ensure these plannin

After three years of deferrals, Canada's enhanced trust reporting rules are now in effect for the 2026 taxation year, with commercial real estate structures facing their first filing deadline on March 31, 2027. While family arrangements may benefit from simplified exceptions, many common GTA market structures—including nominee corporations, co-tenancy joint ventures, and general partners holding title for limited partnerships—fall within the expanded reporting net.

Le gouvernement canadien propose une Mégadéduction à la productivité permanente permettant aux contribuables admissibles de déduire jusqu'à 100 % du coût des biens en immobilisation amortissables admissibles acquis à compter du 15 septembre 2026. Cette mesure élargirait considérablement la portée de la passation en charges immédiate au Canada, faisant passer la part des investissements en capital admissibles d'environ 15 % à environ deux tiers

The Excise Act, 2001 governs taxation and regulatory frameworks for specified goods including tobacco, wine, spirits, and vaping products, with recordkeeping requirements among the most stringent in Canadian tax legislation. CRA is increasingly relying on imperfect or incomplete records as a basis for assessing additional duty, interest, and significant penalties.

Canada's proposed Productivity Mega Deduction introduces significant changes to the tax treatment of Canadian development expenses in mining flow-through share financings. The new rules would allow immediate 100% deductions for qualifying CDE incurred after September 15, 2026, potentially reshaping how mining companies structure their exploration and development financing strategies.

Canada has introduced a permanent Productivity Mega Deduction allowing immediate expensing of up to 100% of eligible capital property costs and Canadian development expenses acquired after September 15, 2026. This measure aims to boost business investment and strengthen Canada's tax competitiveness by expanding immediate expensing eligibility from 15% to approximately two-thirds of capital investments, while reducing the country's marginal effective tax rate to 6.4%.

The Government of Canada has proposed a permanent Productivity Mega Deduction that would allow immediate expensing for most depreciable property and Canadian development expenses acquired or incurred on or after September 15, 2026. This significant tax policy change aims to reduce the marginal effective tax rate on business investment from 13% to 6.4%, though certain exclusions and restrictions apply to specific asset categories.

Canada has introduced the Productivity Mega Deduction, a permanent tax incentive allowing immediate expensing for most depreciable property and Canadian development expenses. How will this policy shift Canada's competitive position for business investment, and what strategic considerations should taxpayers evaluate when claiming these enhanced deductions?

Canada's federal government has introduced the Productivity Mega Deduction, a groundbreaking tax measure offering immediate expensing for approximately two-thirds of capital asset investments. This initiative aims to reduce Canada's marginal effective tax rate on new business investments to 6.4%, positioning it as the most competitive among G7 nations. The measure extends to Canadian Development Expenses in the energy and mining sectors, potentially transforming the economics of major capital-intensive proj