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KPMG’s TaxNewsFlash-Canada covers the latest breaking tax news that matters to you and your business. For the latest tax law and policy developments from across Canada and the world, bookmark this page or subscribe for e-mail alerts.
February 26 - More lockdown & wage subsidy changes on the way
February 25 - Highlights of the 2021 Alberta budget
January 18 - Employers — Meet upcoming COVID-19 subsidy obligations
January 14 - COVID-19 — OECD urges flexibility for transfer pricing
January 8 - Tax accounting — 2020 tax rates and other changes
December 22 - Digital economy — KPMG responds to OECD proposals
December 18 - Employees — Claim home office expenses for 2020
December 15 - GST and Customs — Overview of 2020 changes
December 14 - Multinationals — Prepare now for expanded foreign affiliate reporting
December 11 - E-marketplaces — Saskatchewan clarifies PST obligations
December 11 - Non-residents and E-Platforms — Upcoming GST changes
November 30 - Employers and pension plans—December 31 GST obligations
November 30 - Highlights of the 2020 federal fall economic update
November 25 - Owner-managers — Time to start your 2020 year-end check-up
November 24 - Organizations — Apply now for rent subsidy support
November 24 - Time to take stock of your personal tax situation for 2020
November 23 - Make the most of your 2020 charitable donations
November 20 - Prepare for upcoming trust reporting rules
November 11 - Canada provides details on latest wage subsidy changes
November 9 - Canada launches rent subsidy support for businesses
November 5 - Highlights of the 2020 Ontario budget
October 15 - Digital economy — OECD releases taxation blueprints
October 9 - Canada bolsters wage subsidy and announces new support
October 5 - Quebec - Disclose nominee agreements by December 23
September 30 - Highlights of the 2020 Newfoundland and Labrador budget
September 23 - Canada extends wage subsidy and signals tax plans
September 17 - United States cancel tariffs on aluminum imports
September 10 - COVID-19 — Canada stretches tax assessment periods
September 1 - CRA further extends travel restrictions relief
August 2020
August 21 - Canada temporarily enhances EI program as CERB winds up
August 14 - U.S. — New interest expense limitation regs and guidance
August 10 - Alberta extends income tax payment deadlines to Sept. 30
August 7 - Canada responds to new U.S. aluminum tariffs
July 2020
July 27 - Income tax payment deadlines extended to September 30
July 27 - Canada enacts wage subsidy extension and enhancements
July 23 - Alberta’s new 20% R&D grant — Coming soon
July 17 - Canada further extends and expands wage subsidy
July 7 - Tax accounting — Q2 2020 update
June 2020
June 30 - Saskatchewan — New PST rules for e-commerce platforms
June 29 - Alberta drops corporate tax rate to 8% effective July 1
June 29 - COVID-19 — CRA extends travel restrictions relief
June 17 - Highlights of the 2020 P.E.I. budget
June 15 - Highlights of Saskatchewan's 2020 budget
June 15 - Extended 75% wage subsidy — 30% revenue decline for June
June 11 - COVID-19 — Canada seeks changes to relief measures
June 3 - Lock in family income-splitting loans starting July 1
June 2 - CRA Confirms Tax Due Dates Extended to September 1, 2020
May 2020
May 31 - COVID-19 — New tax filing extensions and relief
May 25 - COVID-19 — New CRA relief addresses travel restrictions
May 25 - Canada proposes postponing tax & legal deadlines
May 22 - Canada offers wage subsidy for health research groups
May 15 - Canada extends 75% wage subsidy and refines eligibility
May 15 - Employers — No SUB “Top up” for CERB relief payments
April 2020
April 30 - FIs — Ensure self-certifications meet CRS & FATCA rules
April 28 - CUSMA — New trade deal takes effect July 1, 2020
April 24 - Canadian news media — Labour tax credit expanded
April 23 - Innovative businesses — Apply now for COVID-19 relief
April 21 - Employers — Prepare to apply for 75% wage subsidy
April 17 - FIs — CRA extends deadlines for FATCA and CRS returns
April 13 - Employers — Canada’s 75% wage subsidy now enacted
April 8 - Employers — Canada eases access to 75% wage subsidy
April 8 - COVID-19 — Quebec to reimburse training expenses
April 2 - COVID-19 — CRA & Quebec Offer GST/HST and QST Relief
April 1 - Employers — Canada provides details of 75% wage subsidy
March 2020
March 30 - New Brunswick — Tax on carbon-emitting products starts April 1, 2020
March 27 - Canada to boost COVID-19 tax response
March 27 - U.S. COVID-19 response — New relief for individuals
March 26 - Federal COVID-19 relief — More details released
March 26 - U.S. COVID-19 response provides new tax relief
March 25 - Highlights of Ontario’s 2020 economic and fiscal update
March 24 - B.C. offers tax deferrals and extensions for COVID-19
March 24 - Alberta offers COVID-19 tax relief for businesses
March 24 - Manitoba — RST and other tax deadlines extended
March 24 - Derivative instruments — New clarity for characterization
March 20 - Employers — Managing tax & legal issues during COVID-19
March 20 - Mining in Saskatchewan — PST refund opportunity
March 20 - U.S. filing deadlines extended to July 15
March 20 - U.S. offers paid leave and employer credits for COVID-19
March 20 - COVID-19 — Quebec harmonizes with federal measures
March 19 - Highlights of the 2020 Manitoba budget
March 18 - Highlights of Saskatchewan's 2020-21 budget estimates and COVID-19 relief
March 18 - COVID-19 — U.S. pushes back tax payment deadline
March 18 - Employers — Prepare your COVID-19 contingency plan
March 18 - COVID-19 — Tax deadline delay and more relief announced
March 18 - Update for businesses on Canadian-U.S. travel restrictions
March 17 - Quebec delays tax deadlines in light of COVID-19 issues
March 13 - Canada ratifies CUSMA trade deal with U.S. and Mexico
March 13 - Fiscal relief on the way following COVID-19 concerns
March 12 - Tax measures included in Canada's COVID-19 response
March 11 - 2020 federal budget — Tax changes on the table
March 10 - Highlights of the 2020-2021 Quebec budget
March 10 - Highlights of the 2020 New Brunswick budget
February 2020
27 February - Highlights of the 2020 Alberta budget
25 February - Highlights of the 2020 Nova Scotia budget
18 February - Highlights of the 2020 British Columbia budget
7 February - Digital economy — OECD clarifies unified approach
January 2020
10 January - Canadian news media — Apply now for labour tax credit
3 January - Tax accounting — 2019 tax rates and other changes
December 2019
19 December - New stock option rules delayed
19 December - GST and customs — Overview of 2019 changes
12 December - Canada’s trade deal with U.S. and Mexico ready to be ratified
9 December - Canada Proposes new “Middle Class tax Cut” Starting in 2020
6 December - TIER Approved — Alberta facilities should register with CRA now
6 December - Federal carbon pricing coming to Alberta on January 1, 2020
5 December - Digital economy — KPMG on OECD’s minimum rate of tax
4 December - U.S. issues final BEAT regs and more related proposals
November 2019
29 November - Upcoming treaty changes— Review withholding Obligations now
26 November - Digital Economy — OECD explores minimum rate of tax
20 November - Charitable Planning — Helping your donation go further
15 November - Digital economy — KPMG on OECD's "Pillar One" proposal
11 November - 2019 year-end tax tips for owner-managers
8 November - 2019 year-end tips for your personal taxes
7 November - Highlights of the 2019 Quebec fall update
6 November - Ontario drops small business tax rate for 2020
October 2019
24 October - Highlights of the 2019 Alberta budget
22 October - Post-2019 election — Possible tax changes
11 October - Digital economy — OECD proposes unified tax approach
11 October - Employers and pension plans — Meet GST/HST obligations
4 October - U.S. announces additional relief affecting Canadian CFCs
September 2019
19 September - Investment plans — Act now to obtain investor GST details
August 2019
30 August - MLI to modify Canadian tax treaties in 2020
23 August - Quebec extends upcoming deadline for disclosing nominee agreements
12 August - Quebec — Act now to disclose nominee agreements
6 August - Mutual Fund Trusts — New relief for allocation rules
July 2019
25 July - Canada keeps close eye on steel imports
3 July - Tax accounting — Q2 2019 update
June 2019
26 June - Highlights of the 2019 P.E.I. budget
24 June - Canadian residents — Prepare for new U.S. GILTI tax changes
19 June - Finance reveals more details on stock option deduction cap
12 June - Pension funds may qualify for U.S. tax exemption
7 June - Manitoba — Prepare for RST reduction transitional rules
5 June - Canada prepares to respond to potential steel import surge
May 2019
29 May - Alberta — Corporate tax rate drops to 8% by 2022
24 May - Holding Companies — Prepare for new GST/HST rules
24 May - Federal fuel charge reporting starts May 31
21 May - U.S. removes tariffs on Canadian steel and aluminum
9 May - Canadian businesses — New QST rules coming September 1
April 2019
16 April - Highlights of the 2019 Newfoundland and Labrador budget
12 April - Canadian news media — Budget details new labour tax credit
12 April - Canadian companies — IRS revises employer registration
11 April - Highlights of the 2019 Ontario budget
March 2019
29 March - Update — Tracking arrangements and investment Funds
27 March - B.C. property owners — Make declaration by March 31
26 March - New Stock option rules coming — Take action now
26 March - Highlights of the 2019 Nova Scotia budget
21 March - 2019-2020 Quebec budget highlights
20 March - 2019 federal budget — Spotlight on asset management
20 March - Highlights of the 2019 Saskatchewan budget
19 March - 2019 federal budget highlights
19 March - Highlights of the 2019 New Brunswick budget
18 March - KPMG weighs in on future of digital tax
11 March - Electronic platforms — New QST rules now in effect
7 March - Highlights of the 2019 Manitoba budget
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