
Michelle Schriver
Assistant Editor at Advisor.ca
Assistant Editor at Investment Executive (IE)
Articles
-
5 days ago |
investmentexecutive.com | Michelle Schriver
Michelle Schriver It’s official: The prescribed rate on loans to family members will be 3% in the third quarter of 2025, and the interest rate Canadians must pay on overdue tax will be 7%. That’s down from 4% and 8%, respectively, in the first half of this year. On Monday, the Canada Revenue Agency (CRA) published the prescribed annual interest rates for amounts owed to or by the agency for the period from July 1 to Sept. 30.
-
1 week ago |
investmentexecutive.com | Michelle Schriver
Michelle Schriver The Trump administration’s tax bill currently before the U.S. Senate includes a proposal that would tax money transfers from the U.S. sent by non-U.S. citizens, with potential implications for some cross-border clients. One of the bill’s proposals is a 3.5% excise tax on remittance transfers made by non-U.S. citizens in the U.S. (and by non-U.S. nationals, such as those in a U.S. territory) to recipients outside the country.
-
2 weeks ago |
investmentexecutive.com | Michelle Schriver
The CRA said “an issue” with the calculation of the capital gains deduction, discovered in early April 2025, was resolved on April 21. “Any return filed after April 21 was not affected by this issue,” the CRA communication said. “For taxpayers who have already filed, the CRA will be taking corrective action on a priority basis. There is no action required on the part of affected taxpayers.”Once corrections are made, affected taxpayers will receive a notice of reassessment, the CRA said.
-
2 weeks ago |
investmentexecutive.com | Michelle Schriver
In an article on Tuesday, David-Alexandre Brassard, chief economist with CPA Canada, said the government’s lack of urgency regarding fiscal transparency is troubling — particularly given its election platform planned for additional deficits. Without a fiscal roadmap, “public servants and policymakers are left making decisions in an information vacuum,” Brassard wrote.
-
3 weeks ago |
investmentexecutive.com | Michelle Schriver
The Canadian PressMichelle Schriver Finance Minister François-Philippe Champagne says the Liberal government will not table a budget when Parliament returns in the coming weeks but will instead put forward a fall economic statement. Champagne hasn’t offered a clearer timeline for the introduction of the government’s latest fiscal plans and has not explained the delay.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →