What Business Owners, Investors, and High-Income Individuals Need to Know

The second quarter of 2026 brings several important tax developments involving corporate accounting, shareholder transactions, real estate, GST/HST, family property ownership, child benefits and employment-related deductions.

The Q2 2026 edition of Tax Tips & Traps (Issue 154) highlights recent court decisions and CRA guidance that demonstrate how documentation, proper accounting and the way transactions are structured can significantly affect tax outcomes.

Below is a practical breakdown of the major issues covered this quarter and why they matter.