SNK TaxPrescribed interest rates: fourth quarter 2026
The prescribed rate holds at 3% for a sixth straight quarter. What it means for family loans, shareholder loans and overdue balances.
Updated October 12, 2026 Read article →
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Tax Insights
Canadian tax developments, technical insights, and practical considerations for individuals, families, businesses, and charitable organizations.
Trust reporting requirements: where things stand
Most express trusts must file a T3 return and Schedule 15. Bare trusts have had three years of relief, but that is expected to change for 2026.
Updated October 12, 2026 Read article →The Underused Housing Tax is being eliminated
Budget 2025 proposed ending the Underused Housing Tax from the 2025 calendar year. Obligations for 2022 to 2024 still apply.
Updated October 12, 2026 Read article →Mandatory disclosure rules
Certain tax-motivated transactions, and uncertain tax positions of large corporations, must be reported to the CRA. The penalties for missing a filing are significant.
Updated October 12, 2026 Read article →Estate freeze: the basics
How an estate freeze locks in today's value of a business or investments and passes future growth to the next generation.
Updated October 12, 2026 Read article →Transferring property to family members
Gifts and loans to family can trigger tax on transfer and attribution rules afterwards. A quick guide to how each applies.
Updated October 12, 2026 Read article →2026 personal tax owing at different income levels
[Awaiting 2026 figures] Combined federal and provincial tax at a range of income levels in Alberta, British Columbia, Ontario and Quebec.
Published [Publish date] Read article →These articles are general information, not tax advice. Your situation may differ, so please speak with us before acting on them.