Canadian Master Tax Guide - CCH AnswerConnect

The 2024 Canadian Master Tax Guide contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates, and trusts, as well as changes established by key court decisions and the Canada Revenue Agency.

The book’s explanations provide tax practitioners with accurate guidance to help them understand, apply, and comply with today’s complex tax laws. Conveniently cross-referenced to the Income Tax Act, Income Tax Regulations, court decisions, CRA technical publications, and Wolters Kluwer’s Canadian Tax Reporter, this reliable reference is a must for anyone involved with federal taxation.

The 2024 edition contains updated content reflecting tax measures from the 2023 Federal Budget, Bill C-47, and Legislative Proposals from August 4, 2023. 

What's New in the 2024 Edition

Notable tax measures new to this edition include (but are not limited to) the following:

• Many proposed changes to the alternative minimum tax (AMT);
• First Home Savings Accounts;
• Various changes to the mandatory disclosure rules;
• Proposed reforms to the General Anti-Avoidance Rule (GAAR);
• Temporary enhancement of the New Residential Housing Rebate;
• The Select Luxury Items Tax;
• The Underused Housing Tax;
• The proposed Digital Services Tax;
• The new Clean Fuel Regulations;
• Extending the capital gains reserve for intergenerational business transfers;
• Recent changes to government benefits, such as the GST/HST credit, Canada Workers Benefit, and Climate Action Incentive; and
• Changes affecting RDSPs, RESPs, and RCAs.

Download the table of contents