Roles of Executors and Beneficiaries of an Estate: What You Need to Know
Navigating the estate settlement process in Alberta requires a clear understanding of the distinct roles and legal boundaries between executors and beneficiaries. Our succession and estate planning team provides the guidance needed to manage terminal tax returns, trust compliance, and asset distributions with total confidence.
| Read More
Foreign Property Audits: Avoiding Penalties on Form T1135 Foreign Reporting
With the CRA aggressively expanding its automated data-matching programs with foreign financial institutions this fall, ignoring your foreign property reporting obligations could result in steep penalties. Our latest guide covers the common oversights that trap Alberta business owners and investors, from U.S.-listed stocks to foreign rental properties and digital assets. Read the full article to ensure you stay compliant and avoid costly, unnecessary CRA audits.
| Read More
CANADA’S NEW "PRODUCTIVITY MEGA DEDUCTION": WHAT THE PROPOSED 100% WRITE-OFF MEANS FOR FALL PURCHASES
The Department of Finance has released draft legislation proposing a permanent 100% immediate Capital Cost Allowance (CCA) deduction for eligible productive assets acquired on or after September 15, 2026. Designed to accelerate business investment, this new write-off applies to machinery, software, greenhouses, Canadian-assembled fleet vehicles, and oilfield equipment, while excluding buildings and goodwill. For Alberta business owners, this policy offers substantial tax savings at both the 11% small…
| Read More
Bare Trusts for 2026: The Reporting Holiday is Officially Over
After two years of administrative exemptions, the CRA’s reporting holiday for bare trusts is officially over for the 2026 tax year. While certain everyday setups like joint spousal accounts and financial holdings under $50,000 may be exempt, many common arrangements—including nominee corporations and parent co-signed mortgages—will now require formal reporting. Read our latest guide to understand how these updated rules impact your assets and find out if you need to file a T3 and Schedule 15 this year.
| Read More
CRA’s AI-Driven Audit Triage: What Alberta Business Ledgers Must Show
The CRA now uses automated machine learning systems to scan corporate tax filings, GST/HST ITC claims, and payroll records against industry benchmarks. Minor ledger variances and mismatched source documents can automatically trigger audits and hold up refunds before a human reviewer steps in. Strengthening your digital audit trail ensures that every deduction, credit, and payroll entry is fully defensible. Discover how Alberta business owners and controllers can safeguard their financial records against…
| Read More
Corporate Travel Alert: Managing Alberta's New Tourism & Vehicle Rental Taxes
Recent changes to Alberta’s provincial tax landscape mean higher costs for frequent business travellers across the province. Effective April 1, 2026, Alberta’s Tourism Levy on short-term accommodations increased to 6%, with a new 6% passenger vehicle rental tax arriving on January 1, 2027. For consultants, energy workers, and medical professionals on the road, knowing how to properly separate GST Input Tax Credits from deductible travel expenses is vital for tax compliance. Read our latest blog to learn…
| Read More
Purifying the Corporation for a Tax-Free Exit
Planning to sell your business? The Lifetime Capital Gains Exemption (LCGE) can shelter up to $1,275,000 of your capital gains from tax in 2026, but only if your company qualifies. Our latest blog breaks down the strict 50% and 90% active asset tests your corporation must pass in the 24 months leading up to a sale. Learn how to "purify" your corporation by removing excess cash and passive investments years before listing it on the market. Read the full article to secure your tax-free exit and keep more of…
| Read More
Goodbye GST/HST Credit, Hello CGEB: Understanding the Transition
The GST/HST credit is officially a thing of the past, making way for the newly enhanced Canada Groceries and Essentials Benefit (CGEB). Starting in July 2026, eligible Canadians will see a 25% increase in their quarterly payments to help offset the rising costs of everyday household needs. Discover how the CRA calculates your new benefit, what the payout schedule looks like moving forward, and why filing your annual tax return is more critical than ever. Read our latest blog to ensure you and your family…
| Read More
Locked Out? How to Navigate the CRA’s Strict New Digital Security Rules
The Canada Revenue Agency (CRA) has officially transitioned to a digital-first model, introducing sweeping security updates that directly affect how you access your account. With mandatory backup Multi-Factor Authentication (MFA) now fully implemented and physical paper drop boxes permanently closed, managing your tax profile requires immediate action. Notices of Assessment have also shifted to an online-only format within "My Account," making digital access non-negotiable for Canadian taxpayers. Read our…
| Read More
Multi-Million Dollar Boost for Alberta Innovators: What It Means for Your Business
Alberta’s innovation ecosystem just received a major upgrade with a new $14 million infrastructure investment from Alberta Innovates. When combined with partner contributions, nearly $48 million is being deployed to help small-to-medium enterprises (SMEs) in AI, aerospace, advanced manufacturing, and agri-tech scale their operations. For local startups and agricultural businesses, this specialized pipeline means faster access to commercialization resources and shared testing facilities. If you are ready to…
| Read More