In the latest episode of the Ryan Talks Tax podcast, our experts explain how the rise of AI can impact SR&ED tax credit claims – both now and in the future. Listen on ryan.com, Spotify, or Apple Podcasts.

The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements. It can be a confusing time for property owners and tenants in Ontario. The province has not seen a general property reassessment since 2016 and is currently amidst an unprecedented eight-year assessment cycle. In Episode 28, special guest Greg Martino, Vice-President and Chief Valuation and Standards Officer for Ontario’s Municipal Property Assessment Corporation, and Kim Van Vliet and Paula Kalogritsas from Ryan’s Canadian property tax practice sit down to discuss the implications of the reassessment deferral for the province’s property taxpayers and municipal governments. Our guests provide insight on Ontario’s property tax system, clarify misconceptions regarding the potential impact of the next general reassessment, offer advice to taxpayers concerned about assessed property values, and share a few thoughts on the government’s path forward.

Jeffrey Shaw, Ryan’s Director of Client Support Services, and special guest Kerry Thomas, an independent payroll tax advisor, join Episode 27 to bring us up to date on current issues related to taxable benefit and payroll tax reporting. From the GST/HST implications of taxable benefits and related remittance requirements to recent changes in Canada Revenue Agency administrative policy to common concerns with payroll tax calculations, valuation of taxable benefits, and T4 filing requirements, our guests share their expertise on how to avoid and mitigate potential tax liabilities arising out of employee remuneration.

In Episode 26, Stephanie Tenneson and Melissa Corey from Ryan and Mentor Works’ Government Grants team join us to discuss current trends in Canadian government funding and highlight key programs to watch out for in 2024. Our guests provide sound advice on organizational planning and prioritization for funding, whether targeting industry-specific or broad-based programs. Melissa and Stephanie also explain how Ryan can help an organization stay on top of the myriad of available programs – for both today and tomorrow – and share a few best practices for securing funding.

The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements. In Episode 25, Jeffrey Shaw and Irene Belvedere from Ryan’s Client Support Services Group join us to review their top ten audit management tips. From evaluating your organization’s audit readiness to best practices for communicating with auditors and managing the audit process, our guests share their wisdom on how to ensure a less disruptive audit with a more successful outcome. Jeff and Irene also provide sound advice on resolving audit issues and preventing future occurrences to minimize penalties.

The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements. In Episode 24, we review the benefits of Canada’s Scientific Research and Experimental Development (SR&ED) Tax Credit. David Douglas, Brian Cardinal, and Jeffrey Stewart join us to dispel numerous myths about the SR&ED program, from the belief that a company must revolutionize its industry to qualify to the notion that only successful and complete projects are eligible for the tax credit. Common misconceptions regarding the impact of multiple ongoing projects and other forms of government funding on eligibility, as well as how the program is administered, are also tackled. In debunking the myths, our guests provide valuable insight and clarity on the true eligibility criteria and operation of this successful innovation funding program.

The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements. In Episode 23, Maureen Gilfoy and Sebastian Drozdziewicz join us to discuss a couple of major Canadian customs duty changes on the way. Our guests explain the rationale behind the recent Canada Border Services Agency (CBSA) decision to introduce new rules for the valuation of certain imports and provide their insight on the potential impact of this change on both non-resident and Canadian importers. We also review the current state of the CBSA’s CARM project, which aims to modernize Canada’s import duty collection and payment process, while examining key concerns for importers and their consultants as full implementation of the new system draws near. We end our conversation with an important reminder about the availability of duty drawbacks and how they can benefit importers.

In Episode 22, Clyde Seymour joins us to discuss significant changes to the mandatory disclosure rules for Canadian income tax purposes. With the new rules in place for reportable and notifiable transactions after June 22, 2023, and for tax years beginning after 2022 for reportable uncertain tax treatments, taxpayers and their advisors should be aware of the enhanced reporting requirements. Clyde comments on why the federal government decided to enhance the mandatory disclosure rules, explains the difference between reportable and notifiable transactions, and clarifies what constitutes a reportable uncertain tax treatment. We also review the deadlines for the new reporting requirements and discuss the substantial penalties in place for non-compliance.

In Episode 21, we learn more about Ryan TaxDirect®, the unique client support service available exclusively to Ryan clients. Jeffrey Shaw and Irene Belvedere provide an overview and discuss the benefits of this service, from getting timely answers to sales tax questions to helping manage an organization’s audit. Our guests describe how Ryan TaxDirect® allows clients to directly access a dedicated team of seasoned tax professionals to quickly confirm tax rules, rates, and factors, validate audit findings, and determine the relevance of tax authority publications. They also explain why an internet search is not the best way to resolve your tax concerns.

In Episode 20, we learn about Canada’s Underused Housing Tax (UHT). Introduced in the 2021 federal budget, this new tax on certain residential housing in Canada came into effect for 2022, with the first returns and remittances due in 2023. Jeffrey Shaw and Lisa McIntosh offer their insights on why the UHT has flown under the radar of many owners and what the government hopes to accomplish through its implementation.