Advisors Beware – New Notifiable Transactions Released

Effective November 1, 2023, the Minister of National Revenue has designated five notifiable transactions: Straddle loss creation transactions using a partnership; Avoidance of deemed disposal of trust property; Manipulation of […]

Update on Those Damn Flipping Rules

The August 9, 2022 draft amendments to the Income Tax Act (Canada) include provisions to give effect to the residential property flipping rule first introduced in Budget 2022. If enacted […]