Tag: Prime Minister

FEATURE
Preparing for New Tax Challenges in 2025 (Ep.22)

Preparing for New Tax Challenges in 2025 (Ep.22)

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This episode aims to break down key considerations for filing trust returns, focusing on the current legislative uncertainty within the Canadian government. 

Frankie and Sarah revisit the capital gains inclusion rate changes and the political debate surrounding them, with both Conservative leader Pierre Poilievre and Liberal contender Chrystia Freeland vowing to scrap the proposed tax legislation if elected. 

They also discuss the shifts to Bear Trust filings, which have caused confusion due to unclear definitions and changing CRA requirements, and the Alternative Minimum Tax (AMT) and its growing impact on trusts. With recent legislative changes, AMT may apply more broadly, challenging traditional tax planning strategies. As tax rules continue to evolve, they stress the importance of staying informed.

Gain insight with these key points: 

  • Controversy surrounding the capital gains inclusion rate and its potential impact [09:00]
  • Bear trust filing requirements and CRA’s latest decisions [12:16]
  • Implications of the alternative minimum tax for trusts [17:55]
  • CRA’s technical interpretation of professional fee payments by trusts [27:55]

Connect with Frankie Loreto and Sarah Netley: 

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FEATURE
Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

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Are you ready to explore the complex but crucial world of tax legislation and its implications for your business?

Frankie and Sarah are joined by John Oakey, Vice President of Taxation for CPA Canada, on a deep dive into how the prorogation of Parliament is shaking up tax legislation, with a particular focus on the proposed changes to the treatment of capital gains. 

Frankie and Sarah discuss: 

  • The effects of prorogation on existing and proposed tax bills 
  • The uncertainty surrounding the capital gains changes and how taxpayers can prepare
  • Different options for managing tax liabilities amidst legislative limbo
  • Strategies for dealing with trust and investment taxation during these uncertain times

Connect with Frankie Loreto and Sarah Netley: 

Connect with John Oakey:

About Our Guest: 

As Vice-President of Taxation, John leads CPA Canada’s Tax group, which influences the development of an equitable, effective and efficient tax system in Canada, as well as delivers practical information and fresh perspectives on tax to members and the broader tax community.

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