The arrival of 2025 brings with it increased estate and gift exclusion amounts. For an estate of any decedent dying during ...

Federal Exemption Amounts Increased to $13,990,000 - As of January 1, 2025, the federal gift and estate tax exemption amount, as ...

The GST Council clarified rules for old vehicle sales, setting an 18 per cent tax on seller margins, exempting private sales and negative margins, and simplifying taxation for used and electric ...

also known as Fitment Committee has recommended that GST exemption under entry 34 of Notification No. 12/2017-CTR will apply to payment aggregators (PAs) for settlement services involving handling ...

The 55th GST Council meeting, led by Finance Minister Nirmala Sitharaman on December 21, introduced several decisions. These updates aim to address industry-specific concerns while providing clarity ...

As business owners in B.C. adapt to the federal government's two-month-long GST exemption, some say they're frustrated by the added administrative burden and an exemption list that leaves too ...

The $240 million in Commonwealth funds for the Macquarie Point stadium and precinct will now be exempt from GST calculations, leaving more money to the state. The state Liberal government ...