Underused Housing Tax Return – New April 30th Filing Requirement

New compliance requirements with an April 30th, 2023 filing requirement are upon us. Are you prepared? Clearline Consulting has the resources to help you navigate these new requirements. An Underused Housing Tax Return may need to be filed if your client owns residential property in a prescribed area. Canadian citizens and permanent residents are exempt … Continue reading “Underused Housing Tax Return – New April 30th Filing Requirement”

Donation of Life Insurance Policies

In discussions with a large charity, it has recently come to our attention that the BC Financial Services Authority’s (BCFSA, formerly FICOM) position is that accepting life insurance policies as a donation is not permitted under the Insurance Act.  Gifts of life insurance policies have, up to now, have been an important alternative when making … Continue reading “Donation of Life Insurance Policies”