RLB Blog

Executive summary The ongoing tariff dispute between the U.S. and Canada has led to significant measures from both countries. As the situation remains dynamic, key strategies for Canadian businesses to manage these risks include using bonded warehouses, transfer pricing, tariff engineering, and diversifying supply chains.

.author-area {display:none !important} Executive summary New U.S. tariffs on Canadian goods could force multinational entities (MNEs) to reconsider their transfer pricing strategies to mitigate exposure to tariffs. Here are some approaches MNEs could take to prepare for potential tariffs.

Beginning with the 2024 calendar year, CRA no longer allows expenses to be deducted for non-compliant short-term rentals. What does that mean? Glad you asked! Here are some base definitions:

.author-area {display:none !important} Executive summary After discussions with U.S. President Donald Trump, Prime Minister Justin Trudeau announced that both countries will delay implementing tariffs after Canada made additional border security commitments. Since the threat of 25 per cent tariffs on most Canadian goods and retaliatory measures remain viable, businesses will want to consider tariff mitigation strategies and lowering reliance on single markets.

.author-area {display:none !important} Executive summary Simplify your tax filing process with the compiled key deadlines for middle-market taxpayers. This article is your solution for tracking important tax dates. Timely filing and payment can help you avoid delays in refunds, benefits or credits, and can prevent late filing or payment penalties and interest.

On November 27, 2024, Finance Minister Chrystia Freeland tabled Bill C-78. Included in this bill, the Canadian government has announced a significant tax relief initiative aimed at easing the financial burden on consumers during the holiday season. This temporary measure will provide a two-month GST/HST break on a wide range of holiday essentials. Here’s what you need to know.

With Taylor Swift taking over Toronto, homeowners who rent out their home on a short-term basis could find themselves saying, “Look What You Made Me Do”. Here’s how renting to Swifties might turn your extra income into a surprise tax bill you didn’t plan for.

On October 1st the Ontario minimum wage will increase to $17.20 per hour.  This brings Ontario’s minimum wage to the second highest in Canada.  These increases are tied to the Ontario Consumer Price Index for 2024.

The scope of GST/HST can often create confusion for physicians and health care providers due to the specifics contained in the general exemption for medical services. It is understood that most services performed by a medical practitioner are exempt from GST/HST where they are made for the purpose of:

If you have ever taken a closer look at your grocery or fast-food bill you may have noticed the calculation of GST/HST is not always obvious. There are often various tax codes and rates embedded within the receipt. Let’s look at how GST/HST applies to various categories of food and beverage, and how you can distinguish between them.