Previously, we had informed you of new trust reporting requirements for bare trusts which came into effect for 2023 (with a filing deadline of April 2, […]
New and Expanded Trust Reporting New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts file tax returns. The […]
Filing required by OCTOBER 31, 2023 The filing deadline for the Underused Housing Tax (UHT) is quickly approaching. As a reminder, the intent of the tax […]
Summary of changes impacting tax measures: The 2023 Canadian Federal Budget was presented March 28, 2023. A number of changes were proposed, below is a quick summary […]
Underused Housing Tax In Fall 2022, the federal government passed legislation relating to the “Underused Housing Tax,” designed to tax foreign ownership of vacant housing andthese […]
The 2022 personal tax filing deadline is May 1, 2023 Please begin to gather your tax documents. The 2022 Personal Tax Checklist can assist you with […]
Maximizing the Tax Benefits of Your Fertility Treatments Starting in 2022, the definition of medical expenses has been broadened to include expenditures related to fertility-related procedures […]
Although the filing deadline for individual income tax returns for the 2019 tax year has been extended to June 1, 2020, millions of Canadians have nonetheless […]
Although we’re not even halfway through the calendar, 2020 has already been a year of significant financial upheaval and stress for millions of Canadians. The number […]
Since mid-March, the federal and provincial governments have announced the creation of numerous programs to help both individuals and Canadian businesses with the financial fallout of […]
There have been so many announcements over the past couple of months with respect to temporary changes to individual and business tax obligations that keeping up […]
Suspension of review, audit and collection activities The Canada Revenue Agency regularly carries out review activities in which taxpayers are asked to provide documentation or other […]
Wage subsidy program for employers The federal government will be providing eligible employers who have experienced a significant decline in revenues with a wage subsidy. For […]
Changes to filing and payment deadlines for 2019 returns Individual Canadians are generally required to file their tax returns for the 2019 tax year on or […]
The current pandemic has changed the lives of Canadians in innumerable ways, and the tax system has not been exempt from those changes. In fact, since […]