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Quebec Provincial Budget Tax Updates 2024-2025

Overview On March 12, 2024, Quebec’s government has announced changes to its provincial tax laws in its 2024-2025 budget “Priorities: Health | Education”. This comprehensive summary highlights the key changes that will influence the Quebec tax environment in the coming years. Personal Income Tax Measures There are no proposed changes to personal income tax rates […]

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B.C. Provincial Budget Tax Updates 2024

March 13, 2024

The B.C. government has announced changes to provincial tax laws in its Budget 2024 Taking Action For You, released on February 23, 2024. This summary highlights key changes shaping the provincial tax landscape for the foreseeable future. Corporate and personal tax rates remain unchanged for 2024. Tax targeting home flipping activity: The budget provides details […]

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Taxation of the Hockey Player Versus the Movie Star

March 4, 2024

This is a story of the unusual difference between the Canadian taxation of non-Canadian professional athletes versus non-Canadian actors and actresses. Chapter 1 – The Hometown Hockey Hero Jonathan Tavares grew up in Ontario and played nine seasons for the New York Islanders. He became a free agent in summer 2018 and chose to play […]

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Navigating Tax Strategies in a High-Interest Rate Environment: Considerations for Non-Resident Investors in Canada

February 15, 2024

Prepared by Danny Guérin, Myriam Vallée and Justine Lambert, Andersen in Montreal (Canada) INTRODUCTION The significant surge in inflation throughout 2022 has been a predominant concern for the economic community and the government alike as the inflation averaged 6.8%, reaching a peak of 8.1% in June of 2022[1] However, the implemented tightening of monetary policy […]

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