Tax News

New donation rules would cut tax for rich

Publicly traded securities donated to registered charities are exempt from capital gains tax. The government is now eyeing implementation of a Budget 2015 proposal that would give the same treatment to private company shares and real estate, notes Kim Moody, director at Moodys Gartner Tax Law in Calgary.

By Staff |August 31, 2015

1 min read

Canadian families spend more on taxes than necessities

The average Canadian family spends more on taxes than on food, clothing and shelter combined, finds a study by the Fraser Institute.

By Staff |August 27, 2015

2 min read

Teachers would get school supply tax break under Trudeau

Teachers and early childhood educators who pay for classroom supplies out of their own pockets would get a thank you in the form of a federal tax credit should the Liberals win the federal election this fall.

By Staff |August 26, 2015

1 min read

Harper promises tax breaks for service club volunteers

Conservative leader Stephen Harper is promising members of service organizations like the Kiwanis Club and the Rotary Club that their membership fees will be eligible for a tax credit.

By Staff |August 25, 2015

1 min read