Tax Blog Posts

Taxing luxury: Canada’s new luxury items tax

Canada’s new tax on luxury cars, aircraft, and boats – levied under the Select Luxury Items Tax Act (the “SLITA”) – came into effect on September 1, 2022. The luxury tax was first announced in Budget 2021 as a…

Fall Economic Statement 2022: Income tax measures and draft legislation

On November 3, 2022, the Federal Government released its Fall Economic Statement 2022 (the “Statement”). In the Statement, the government reaffirmed its commitment to various tax measures it previously announced, including rules relating to substantive Canadian-controlled private corporations and…

Canadian Tax Alerts

SUBSCRIBE TO THOR
TAX ALERTS & BLOGS

SUBSCRIBE