Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special ...

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income from other sources’ like earlier ...

By aligning tax policies, enhancing operational flexibility, and creating incentives for foreign investments, the bill ...

The Stocks & Shares ISA is an incredible vehicle for building wealth and generating a tax-free income. Dr James Fox explains ...

Anthony Albanese is set to make a small fortune in rental income this year as landlord of the two properties he now rents out ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Many younger Canadians have significant unused contribution room, but making the most of deductions requires a plan ...

Understand the updated tax rates for mutual fund investments under the Finance Bill 2025. Explore the tax implications for ...

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes ...

Operating income was $6.2 million in the first quarter of fiscal 2025, compared to $9.7 million in the prior year period. This led to net earnings in Q1 ’25 of $5.1 million, compared to $7.3 million ...

Despite tax clarity on income from Category I and II AIFs, the taxation of carried interest remains unclear, causing ...