Preparing Your Income Tax Returns, 2024 Edition for 2023 Returns

File your returns with accuracy by staying up-to-date on recent tax changes with the most current tax preparation guide. Critically-acclaimed by tax professionals, Preparing Your Income Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for personal tax returns available.

Features & Coverage:
Why do tax professionals across Canada come back to Wolters Kluwer year-after-year? It's simple!

• We provide the most comprehensive tax resource available anywhere.
• Federal and provincial income and capital taxes are exhaustively detailed.
• Descriptions of forms and analysis of necessary information are organized by topic.
• Preparing Your Income Tax Returns will give you the professional expertise, confidence, and time-saving efficiency you need to deliver your best returns.

The 2024 edition for 2023 returns 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);
• 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;
• The deduction for tradespeople’s tools expenses; and
• Changes affecting RDSPs, RESPs, and RCAs.

Also new in this edition are references to changes to the CRA’s filing procedures and many new tax forms. 

Download the table of contents