Tax Tips
2024 YEAR-END TAX PLANNING
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Year End Tax Planning for 2024 – INVESTORS AND AIRBNB HOSTS ESPECIALLY!
As the end of the year approaches there are a few planning steps you can take to reduce your personal tax bill this April and into the future. 2024 was a year where several significant tax changes occurred, including the increase in the capital gains inclusion rate and the limitation on expenses for short-term rental…
Tax Tips and Traps – 4th Quarter 2024
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Tax Tips and Traps – 3rd Quarter 2024
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Tax Tips and Traps – 2nd Quarter 2024
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Federal Budget Commentary 2024
On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 – Fairness for Every Generation, to the House of Commons. Read the full article below.
Tax Tips and Traps – 1st Quarter 2024
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Mandatory Electronic Payments to CRA
Effective January 1, 2024 the Canada Revenue Agency implemented a mandatory requirement that any payments over $10,000 must now be made electronically. This includes any payment made related to balances due for personal, corporate and Trust income tax, instalments, HST remittances, payroll remittances and any other payments made to the Receiver General of Canada. Electronic…
Changes to T4/T4A Reporting
We are here to inform you of important new filing requirements that will affect all employers that prepare T4 or T4A slips. Requirement to Report Dental Benefits The Canadian Dental Care Plan (CDCP) was introduced in November 2022 and expanded in June 2023 to include more individuals. Currently only those aged 12 and under are…
Tax Tips and Traps – 4th Quarter 2023
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