2025 Federal Budget Observations
November 6, 2025 - Burkett & CO. comments on the latest tax and policy changes that will affect individuals and…
Fool Me Once: The Cost of Carney–Trudeau Tax Games
March 31, 2025 - A proposed capital gains hike triggers early asset sales, inflates short-term revenues, then is scrapped, exposing…
Canadians who sold assets based on proposed capital gains tax changes left to deal with the consequences
March 31, 2025 - Canadians who rushed to realize capital gains face unintended tax costs after Ottawa scraps a proposed…
CRA reassessing charges for late trust filing after issuing penalties in error
May 9, 2024 - CRA error issues late-filing penalties on trust returns, adding to confusion after bare trust reversals and…
Budget 2024: To trigger, or not to trigger, capital gains
May 3, 2024 - Burkett & Co. comments on the recent changes to the capital gains inclusion rate and the…
Four housing credits and rebates to put money back in homeowners’ pockets
March 21, 2024 - Home purchase and renovation tax credits create planning opportunities, with focus on accessibility, multigenerational, buyer and…
Why the CRA’s bare trusts ‘fiasco’ has made advisors’ lives more difficult
April 19, 2024 - CRA’s late reversal on bare trust filings creates confusion, strains advisor trust, and raises concerns about…
Bare trusts exempt from new reporting rules for 2023, CRA says
March 28, 2024 - CRA exempts bare trusts from 2023 reporting, easing compliance after backlash over complex rules and last-minute…
Your CPP questions answered: If you’re receiving survivor benefits, is there a good time to take your own CPP?
February 20, 2024 -CPP survivor and death benefits are outlined, highlighting payout differences, limits, and how retirement timing affects total…
Trust us: You don’t want to be caught off guard by new reporting rules
January 26, 2024 - Burkett & Co. comments on the Canada Revenue Agency (CRA) updated tax requirements for trusts.
Under the hood of the Underused Housing Tax (UHT)
January 3, 2024 - Burkett and Co comments on the underused Housing Tax and what it can mean to you.
A bespoke approach to tax loss selling
November 30, 2023 - Year-round tax loss selling focuses on portfolio context, rule awareness, and fixed income opportunities while staying…
The New Tax-Free First Home Savings Account
April 5, 2023 - The new tax-free First Home Savings Account is examined for its structure, benefits, and role in…
We’re still dealing with Covid-era distortions in tech fundamentals: Portfolio manager Kevin Burkett
July 24, 2023 - Burkett flags stretched tech valuations, earnings concentration, election risk for megacaps, and rate hikes weighing on…
Why the FHSA isn’t just a homeownership game-changer
July 26, 2023 - The FHSA gains attention as a flexible planning tool, blending RRSP and TFSA features with new…
Four overlooked deductions to include in tax returns
April 5, 2023 - Overlooked tax deductions, from spousal RRSPs to investment fees and moving costs, can materially lower taxable…