Tax Planning for You and Your Family, 2023, Print and ProView eBook
This edition provides up-to-date information on recent tax rules that may significantly affect private company owners and their families, including the taxation of split income and the new passive investment income rules.
Tax Planning for You and Your Family is also available in French. This years book provides up-to-date information on recent tax rules that may significantly affect individuals, including private company owners and their families.
In addition to updated federal and provincial tax rates and tax credit amounts, this years book also offers new information on:
- Changes to the small business deduction to make it accessible for more businesses
- A new tax deduction to help tradespeople with expenses for travel and temporary relocation
- The latest changes to help Canadians purchase their first home, including the new tax-free First Home Savings Account and an increase to the First-Time Home Buyers Tax Credit
- New tax relief that may apply when transferring your family business to the next generation
- Tax incentives for home renovations, including the increased Home Accessibility tax credit and the new Multigenerational Home Renovation Tax Credit
- New punitive rule to tax the flipping of residential property
- Recent changes to restrict the amount of stock options that may benefit from preferential tax treatment
- Eligible home office expenses, including certain expenses incurred because of the need to work from home due to the pandemic
- Your tax obligations on taxable subsidies or benefits received from the government as part of its COVID-19 emergency measures
- The latest HST and provincial sales tax rates in effect across Canada.
About Thomson Reuters ProView
ProView is the way to read Thomson Reuters eBooks and eLooseleafs, published primarily for legal, accounting, human resources, and tax professions. The Thomson Reuters ProView web-based application is accessed via your browser. With the new ProView web app, offline capability is now available from your browser. The web application has a responsive design and is compatible with desktop, laptop and mobile devices.
Tax Planning for You and Your Family, 2023, Print and ProView eBook
Description
This edition provides up-to-date information on recent tax rules that may significantly affect private company owners and their families, including the taxation of split income and the new passive investment income rules.
Tax Planning for You and Your Family is also available in French. This years book provides up-to-date information on recent tax rules that may significantly affect individuals, including private company owners and their families.
In addition to updated federal and provincial tax rates and tax credit amounts, this years book also offers new information on:
- Changes to the small business deduction to make it accessible for more businesses
- A new tax deduction to help tradespeople with expenses for travel and temporary relocation
- The latest changes to help Canadians purchase their first home, including the new tax-free First Home Savings Account and an increase to the First-Time Home Buyers Tax Credit
- New tax relief that may apply when transferring your family business to the next generation
- Tax incentives for home renovations, including the increased Home Accessibility tax credit and the new Multigenerational Home Renovation Tax Credit
- New punitive rule to tax the flipping of residential property
- Recent changes to restrict the amount of stock options that may benefit from preferential tax treatment
- Eligible home office expenses, including certain expenses incurred because of the need to work from home due to the pandemic
- Your tax obligations on taxable subsidies or benefits received from the government as part of its COVID-19 emergency measures
- The latest HST and provincial sales tax rates in effect across Canada.
About Thomson Reuters ProView
ProView is the way to read Thomson Reuters eBooks and eLooseleafs, published primarily for legal, accounting, human resources, and tax professions. The Thomson Reuters ProView web-based application is accessed via your browser. With the new ProView web app, offline capability is now available from your browser. The web application has a responsive design and is compatible with desktop, laptop and mobile devices.