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New Tax Measures in Budget 2025
Budget 2025 introduces a broad suite of tax measures affecting both corporations and individuals. Highlights include expanded scope for the so-called “Clean Investment Tax Credits”, accelerated deduction for certain capital expenses, and enhanced support for innovation through a more accessible Scientific Research and Experimental Development (SR&ED) regime. At the same time, some long-standing trust and corporate planning strategies face new restrictions, signalling a continued […]
Newly proposed changes of significance to Canada Revenue Agency’s (“CRA”) Voluntary Disclosures Program (“VDP”) soon coming into effect
September 29, 2025Overview On September 10, 2025, the CRA released a new version of its VDP Information Circular, IC00-1R7[1], along with the new GST/HST Memorandum 16-5-1[2] (collectively referred to as the “new Programs”). The updated policies will apply to disclosures received on or after October 1, 2025, replacing the current frameworks under Circular IC00-1R6[3] and Memorandum 16-5[4] […]
