Knowledge

Spring 2024 Tax Tips & Traps Newsletter

New Trust Reporting: Unexpected Exposure Changes requiring more trusts (and […]

Year-End Tax Planning 2023

2023 YEAR-END TAX PLANNING TIPS: Certain expenditures made by individuals […]

Employment Insurance: Misconduct

An August 24, 2023 Federal Court of Canada case reviewed […]

Revival of a Corporation: Tax Collection

A June 12, 2023 Court of King’s Bench of Alberta […]

Mandatory Disclosure Rules: Increased CRA Disclosures

The requirement for taxpayers and their advisors to disclose reportable […]

Businesses Purchasing from Non-Residents: GST/HST?

Certain non-resident vendors are required to register for and collect […]

Surcharge To Accept Payment Via Credit Card: GST/HST?

As of October 2022, merchants could charge an additional fee […]

Enhanced First-Year CCA: Phase-Out After December 31, 2023

Over the past several years, several incentives permitting enhanced CCA [...]

Enhanced GST Residential Rental Rebate: Increased Incentives

On September 14, 2023, the Department of Finance provided details […]

CEBA Repayment Deadline Extended: Some Issues

On September 14, 2023, the Department of Finance provided details […]

Gifts Directed to Other Donees: Loss of Charitable Status

In some situations, a registered charity may be asked to […]

Paying Rent to Non-Residents: Withholdings Required

In a March 30, 2023 Tax Court of Canada case, […]

Disability Tax Credit (DTC): Electronic Applications

The DTC is a non-refundable tax credit that provides tax […]

Multigenerational Home Renovation Tax Credit: More Housing Support

The multigenerational home renovation tax credit is a refundable tax […]

Cryptocurrency Exchange Cessation: Recordkeeping

A June 7, 2023 CryptoTaxLawyer.com article (Binance Bids Canada Bye-Bye! […]

First Home Savings Account (FHSA): A New Investment Tool

The tax-free FHSA was introduced in 2023 to help first-time […]

CPP Enhancements: Higher Contributions and Higher Benefits

In 2019, the government commenced a two-part enhancement to the […]

Tax Tidbits

Some quick points to consider… • Most CPP retirement, disability, […]

Explore how technology and automation have transformed the process of preparing corporation tax returns.

Introduction In the ever-evolving landscape of taxation, technology and automation […]

Demystifying Corporate Income Tax Returns: A Comprehensive Guide for Businesses

Introduction Corporate income tax returns can be complex and daunting […]

Simplifying Corporation Tax Return Services: Streamlining Compliance for Businesses

Introduction Navigating the complexities of corporation tax return services is […]

Navigating Small Business Income Tax: Strategies, Tips, and Best Practices

Introduction Small businesses play a vital role in Canada’s economy, […]

Discuss the key features and components of a corporate income tax return.

Introduction: Filing corporate income tax returns is an essential responsibility […]

Navigating Small Business Income Tax: Empowering Your Enterprise Through Expert Chartered Accountancy Services

Introduction: In the dynamic realm of entrepreneurship, where aspirations materialize […]

An Importance of Corporate Income Tax Return for strong corporate governance

Introduction In the dynamic landscape of business, maintaining robust corporate […]

What’s new for corporations in Ontario

Ontario [2020-11-05 Budget] Ontario extended deadlines and other measures due […]

Canada Revenue Agency’s Voluntary Disclosures Program

Voluntary Disclosures Program Do you want to get your tax […]

Canada Emergency Business Account (CEBA)

CEBA requirements and deadlines have changed: As of December 4, […]

Businesses: Get help with COVID-19 costs

Find out if your business is eligible for grants to […]

Make a payment to the Canada Revenue Agency

Make a payment to the Canada Revenue Agency Want to […]

Protect yourself—tax scams can be costly

Protect yourself—tax scams can be costly Have you received a […]

Renovating or rebuilding your home?

Renovating or rebuilding your home? Protect yourself by getting it […]

Canada Revenue Agency Email and Telephone Scams

Ottawa, Ontario, June 10, 2015… The Canada Revenue Agency (CRA) […]

2016 Canada Pension Plan (CPP) Maximum Pensionable Earnings

Canada Revenue Agency announces maximum pensionable earnings for 2016 November […]

Eligible educators: you can now claim your school supplies!

Eligible educators: you can now claim your school supplies! The […]

GST-HST Overview

GST & HST Remembering a comprehensive list of items which […]

Incorporating a business

Incorporating a new business can be a difficult task especially […]

Sole proprietorship, Corporation & Partnership

1. Sole proprietorship With this type of business organization, you […]

Involved in the sharing economy? Know your tax obligations!

Involved in the sharing economy? Know your tax obligations! What […]