The updated Alternative Minimum Tax (AMT) rules significantly increase the likelihood that trusts will pay extra tax. The AMT rate has risen to 20.5%, and the rules now apply more broadly. Most trusts no longer qualify for the basic AMT exemption, which puts them at a disadvantage compared to individuals….
Paying a Non-Resident to Provide Services in Canada? Beware of Regulation 105
Under Regulation 105 of the Income Tax Act (Canada), every person (including residents and non-residents of Canada, who are either individuals, corporations, or trusts) is required to…
Disability Tax Credit (DTC) summary from The Spring Economic Update 2026
The Disability Tax Credit (DTC) is available to an individual who is suffering from a severe and prolonged impairment in one category or a significant impairment in two or more categories of basic activities that are necessary for daily living…
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