Information About Rosen Tax Law Blog
Recent Posts
Below is a preview of the five most recent posts from the blog Rosen Tax Law Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- GST/HST Tax Break: A Guide for Business Owners
The Canadian Government’s Tax Break for All Canadians Act was intended to provide economic relief during the holiday season, by issuing a one-time break from GST/HST from December 14, 2024, to February 15, 2025. However, because of the short implementation period many businesses are left confused wh … Read more »
- Canadian Government Defers Capital Gains Inclusion Rate to January 1, 2026
The newly appointed Minister of Finance, successor to Minister Freeland, Dominic LeBlanc recently announced an amendment to the legislative changes that has not yet made its way into parliament. The proposed legislation that would enact the previously announced changes to the capital gains inclusion … Read more »
- Judicial Review of the CRA Preemptive Action on Capital Gains Rate Changes
On January 8, 2025, the Canada Revenue Agency (CRA) announced that, for the upcoming tax season, it will proceed with administering the proposed capital gains rate changes outlined in the 2024 Federal Budget as if it was already law. This decision has left many Canadian tax professionals questioning … Read more »
- The Taxation of Athletes in Canada: Implications from Martin v. the King on the Future of Sports
The case of Martin v. The King, 2024 TCC 153 stands as a pivotal moment in Canadian tax law, particularly concerning the taxation of professional athletes’ income. This landmark decision, which is now under appeal by the Department of Justice, has significant implications on the sports industry in C … Read more »
- Canada’s GST/HST Tax Break: Bill C-78
The Canadian government has introduced a GST/HST Tax Break to provide financial relief for consumers during the holiday season. This initiative temporarily removes Goods and Services Tax (GST) and Harmonized Sales Tax (HST) from a variety of essential and seasonal items, making everyday purchases mo … Read more »