September 15, 2026
Today, Prime Minister Mark Carney introduced the new Productivity Mega Deduction at the first Canada Investment Summit in Toronto. The tax incentive will increase the share of assets covered from 15 per cent to more than 65 per cent. He also announced that Canada will seek private investment through long-term concessions to operate the country’s four largest airports.
September 15, 2026
The employment insurance (EI) premium rate for employees will remain at $1.64 per $100 of insurable earnings in 2027, but the maximum annual insurable earnings threshold will rise to $70,800 from $68,900 in 2026, the Canada Employment Insurance Commission has announced.
September 15, 2026
On Nov. 26, 2025, British MP and then-Chancellor of the Exchequer Rachel Reeves stood up in the House of Commons and cut Britain’s employee ownership trust relief in half. “I will reduce that relief to 50 per cent,” the chancellor said, “retaining a strong incentive for employee-owned companies.”
September 14, 2026
The federal government has announced that the Canada Revenue Agency (CRA) will prioritize advance income tax ruling requests related to investments of $1 billion or more in Canada.
September 10, 2026
In general, a person can dispute a Canada Revenue Agency (CRA) tax assessment by first filing a Notice of Objection. The dispute may make its way to the Tax Court of Canada and beyond and the respective legal expenses are deductible from income.
September 08, 2026
Ottawa has agreed that the federal judiciary reasonably incurred more than $1 million in legal fees and disbursements to participate in the independent quadrennial process that is meant to depoliticize determinations of federal judicial remuneration and avoid pay disputes.
September 08, 2026
Gary Sharma has joined Burnet Duckworth & Palmer LLP (BD&P) as an associate in its tax group in Calgary.
September 04, 2026
Employment insurance rules that deny regular benefits to women who lose their jobs shortly before, during or after maternity and parental leave violate the Charter’s equality guarantee, the Federal Court of Appeal has ruled.
September 04, 2026
The Federal Court of Appeal has found that the lower court made numerous errors in finding that a requirement for information in a tax audit of a multinational conglomerate was for unnamed persons and needed prior judicial authorization.
September 04, 2026
Sullivan Mahoney LLP has welcomed Evan B. Alderman, Gabriel D. Costantini and Robert Kim as associates. The firm has offices in St. Catharines and Niagara Falls, Ont.