NPO Reporting Changes: An Update on the Revised Draft Legislation A follow-up to our earlier article, "Federal Reporting Changes for NPOs: What You Need to Know." Overview Last fall, we wrote about the federal government's proposal to expand the annual reporting obligations of not-for-profit organizations (NPOs), first announced...

The Productivity Mega Deduction: What the New Immediate Expensing Rules Mean for Your Business On September 15, 2026, the federal government announced the Productivity Mega Deduction, a proposed change that would now let businesses immediately expense a much wider range of capital purchases in full in...

Alter Ego Trusts and Joint Partner Trusts: Valuable Estate Planning Tool As Canadians continue to focus on preserving wealth and simplifying estate administration, Alter Ego (AE) Trusts and Joint Partner (JP) Trusts have become increasingly popular estate planning tools for individuals aged 65 and older. While...

Bare Trust Reporting: Final Update on T3 Filing Requirements What Canadian Taxpayers Need to Know After several years of uncertainty, the Government of Canada have legislated the final changes for the reporting requirements for bare trusts.  The Canada Revenue Agency (CRA) has provided some guidance, and we...

Family Trusts: Legislative Changes and Continuing Benefits Family Trusts remain an important planning tool for many Canadian families despite legislative changes introduced in recent years. This article outlines key tax rule changes, ongoing reporting requirements, and the planning benefits that still make Family Trusts valuable for...

New Financial Reporting Requirements Under the Mortgage Services Act (MSA) British Columbia’s upcoming Mortgage Services Act will introduce new financial reporting and assurance requirements for mortgage brokerages. Firms that administer mortgages, engage in mortgage lending, or maintain trust accounts will soon need to submit annual financial...

Incorporating as a Professional: Weighing the Pros and Cons Incorporating as a professional in Canada can provide significant tax planning opportunities, including tax deferral and access to the small business deduction. However, professional corporations also introduce additional compliance requirements and costs. Below we outline the key...