Canadian Master Tax Guide 2018 (73rd Edition)

Canadian Master Tax Guide provides practical guidance on current federal tax law. Built for speed with handy, time-saving features, it is a must-have for accounting professionals, financial planners and legal advisors who need quick access to coverage of tax concepts, rules, and updates over the past year.

Coverage includes current explanations of federal income taxes for individuals, partnerships, corporations, estates, and trusts. New tax developments, updates, and amendments are highlighted at the beginning of each chapter. Use it on its own or as a perfect companion to your Cantax or Taxprep software.

Canadian Master Tax Guide is cross-referenced to the Income Tax Act, Income Tax Regulations, court decisions and CRA technical publications. Other time-saving features include checklists, quick-reference tables, highlights of recent changes, a tax calendar, a topical index and more. 

Easy to navigate and instantly accessible, this guide is the simplest way to stay informed and understand even the most complex tax scenarios.

Topical Coverage: 

• Taxation of individuals
• Business and property income
• Capital gains and capital cost allowance
• Corporations and shareholders
• Partnerships and trusts
• Tax rates and credits
• Deferred income plans and arrangements
• Tax exemptions and special cases
• Returns, assessments, payments, and appeals
• Non-residents, international income, and tax agreements
• Administration, enforcement, and interpretation
• Tax planning for individuals (2017/2018)

The 2018 edition is current to September 2017 including recent jurisprudence, and legislative changes in respect of the following:

Bill C-29, Budget Implementation Act, 2016, No. 2, which includes:

• emissions trading regimes;
• taxation of switch-fund shares;
• multiplication of the small business deduction;
• eligible capital property;
• country-by-country reporting; and
• common reporting standard.

Bill C-44, Budget Implementation Act, 2017, No. 1, which includes:

• disability tax credit (nurse practitioners);
• medical expense tax credit (reproductive technologies);
• consolidation of caregiver credits;
• public transit tax credit (repealed); and
• home relocation loans deduction (repealed).

September 8^th, 2017 draft legislation, which includes:

• anti-avoidance rules for RDSPs and RESPs;
• billed-basis accounting;
• armed forces deduction;
• meaning of factual control;
• clean energy equipment (geothermal)