Jun 10, 2024Personal tax
Short-Term Rentals: Selected Tax Issues
In late 2023, the Federal government announced its intention to deny income tax deductions for expenses by non-compliant operators of short-term rental properties (such…
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Feb 10, 2024Personal tax
Maximizing Tax Deductions for Canadian Psychotherapists
As a psychotherapist in Canada, you have the opportunity to reduce your taxable income by taking advantage of various tax deductions available to you.…
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Jan 23, 2024Personal tax
CPP Enhancements: Higher Contributions and Higher Benefits
In 2019, the government commenced a two-part enhancement to the Canada Pension Plan (CPP), with full implementation to be completed in 2025. Phase 1…
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Jan 9, 2024Personal tax
First Home Savings Account (FHSA): A New Investment Tool
The tax-free FHSA was introduced in 2023 to help first-time home buyers save up to $40,000 for a home purchase.Individuals eligible to open an…
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