Advanced Income Tax Rulings

The federal government has taken steps recently to attract more investment in Canada. That’s sure to create some new tax questions that require Advanced Income Tax Rulings (AITR). A new measure to facilitate a faster response was announced on September 14 and is intended to attract business investment of large amounts. Specifically, for investments of $1 billion or more, the CRA will prioritize advance income tax rulings. The measure took effect the day it was announced. Here’s what you need to know:

The Canada Child Benefit (CCB) keeps many Canadian families afloat in these inflationary times. But so few families leverage the opportunity to increase this important cash flow supplement with proper year round tax planning. Here’s what you need to know, especially if you are a financial advisor discussing FHSA and RRSP contributions to enhance the deductions that can increase the amount of CCB available.

Charitable donations can provide valuable tax planning opportunities, but the rules differ depending on whether gifts are made by individuals, spouses, estates or trusts. How are donation tax credits calculated, what limits apply, and how are gifts treated in the year of death?

With new fee transparency requirements approaching and artificial intelligence transforming financial services, how will advisors demonstrate the value of their advice?

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

The federal government has been testing the waters to gauge reaction to potential tax increases for high income earners in the next Federal budget, anticipated sometime this fall. On January 26, 2026, Public Safety Minister Gary Anandasangaree tabled Motion M-24 in the House of Commons. It proposes to create three new personal income tax (PIT) brackets for your wealthier clients. You may want to review this possibility as part of your year end tax planning discussions. Here’s what you need to know.

Canada federal budget cycle was permanently shifted to the fall last year and so it is expected that  Budget 2026 will likely follow last year’s November 4 cadence.  This, together with the result of the U.S. midterms to consider, will make year end tax planning for corporate owner-managers very interesting this year. What should be on the year-end checklist you share with your clients?  Evelyn Jacks, President of Knowledge Bureau, will provide a comprehensive overview as she opens the November 5 CE Savvy Summit: Year-End Tax Planning for Investors and Business Owners.  Register by October 22 early bird  offers.  Here’s what’s in store: