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Parliament Hill where federal Budget 2026 was tabled

Federal Budget 2026: Key tax measures and programs for businesses and individuals

Canadian tax /

The 2026 Federal Budget outlines a range of tax changes, investment incentives and spending commitments at a time of continued economic uncertainty. U.S. trade tensions, geopolitical developments such as the Middle East conflict and inflationary pressures are shaping the economic outlook, with significant implications for businesses, households and government finances. Ottawa’s response includes measures intended to

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Ontario legislature, where the 2026 Fall Economic Statement was tabled.

Ontario’s 2026 Fall Economic Statement: Key measures for businesses

Canadian tax /

Amid continued trade uncertainty, Ontario’s 2026 Fall Economic Statement last week delivered an updated picture of the province’s increasingly precarious fiscal health. The impact of U.S. tariffs on Canadian businesses and rising inflation is contributing to a challenging economic environment, with implications for everything from business investment to government finances. Against this backdrop, Ontario is

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Worker at a machine illustrating the Productivity Mega Deduction

What the new federal Productivity Mega Deduction could mean for your business

Canadian tax /

The federal government this week introduced the Productivity Mega Deduction, which would allow Canadian businesses to immediately expense a significantly broader range of capital investments. The proposed measure extends the Productivity Super-Deduction announced in Budget 2025 and is intended to provide a permanent incentive for businesses to invest in new equipment, technology and other depreciable

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Parliament Hill in Ottawa where Spring Economic Update 2026 was tabled

Highlights from the federal Spring Economic Update 2026

Canadian tax /

The federal government’s Spring Economic Update 2026 arrives at an interesting moment. With a newly secured parliamentary majority, the federal government has more room to act decisively on economic policy. The Update opted for a continuation of incremental measures, proposing a mix of targeted spending, tax adjustments and labour market initiatives. While the proposals are

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Canadian income tax return and T3 minimum tax

Tax update: That mysterious T3, Schedule 12, line 30 Minimum Tax adjustment

Canadian tax /

This blog hopes to alleviate the confusion over line 30 of a trust’s minimum tax (“AMT”) calculation on schedule 12 and its companion line 42 of an individual’s form T691. The confusion is understandable given the convoluted wording of ITA 127.52(1)(i)(ii)(B) and the absence of any meaningful guidance from Finance or the Canada Revenue Agency

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A person shopping in a grocery store and looking at her receipt, which will be easier to pay with the Canada Groceries and Essentials Benefit

Federal Government proposes new Canada Groceries and Essentials Benefit

Canadian tax /

The federal government has announced a new package of tax and support measures aimed at helping Canadians manage the cost of groceries and other essential items, while also providing targeted assistance to businesses facing supply chain pressures and trade uncertainty. At the centre of this announcement is the Canada Groceries and Essentials Benefit, a redesigned

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Skyscrapers in downtown Toronto, where the Ontario government tabled the 2025 Fall Economic Statement

Highlights from Ontario’s 2025 Fall Economic Statement

Canadian tax /

Ontario’s 2025 Fall Economic Statement offers fiscal restraint at a time of deep economic uncertainty. While the federal government’s recent budget leaned heavily on deficit spending and incentives to spur private-sector investment, Ontario’s plan takes a more cautious path—limiting spending commitments and staying focused on a gradual return to balance. The Fall Economic Statement projects

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Income tax return illustrating CRA Voluntary Disclosures Program

Changes to the Canada Revenue Agency Voluntary Disclosures Program

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The CRA has revised several important aspects of its voluntary disclosures program (“VDP”), effective for disclosures filed on or after October 1, 2025. Unprompted filers Unprompted filers have received no communication (verbal or written) about an identified compliance issue related to their disclosure. A taxpayer can qualify as an Unprompted filer if the taxpayer has

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