Apr 1, 2025De Facto Director – Personal Liability
A director of a corporation, non-profit organization or other entity can be personally liable for payroll source deductions and GST/HST that the entity fails…
Read more →
Mar 18, 2025How to verify if the person who just called is in fact the CRA’s agent – CRA introduced a new fraud prevention website
Have you received a call claiming to be from CRA but are unsure if it is legitimate? CRA has launched a webpage - https://www.canada.ca/en/revenue-agency/corporate/scams-fraud/verify-cra-contact.html…
Read more →
Feb 6, 2025GST-HST Tax Holiday Ends Soon
For the December 14, 2024 to February 15, 2025 period, certain items normally subject to GST-HST Tax should not have GST-HST Tax applied at…
Read more →
Jan 22, 2025Secondary Suites – Tax Considerations
There are several reasons an individual might convert part of their home into a rental property. However, this action can have significant income tax…
Read more →
Jan 11, 2025Administration of the increased Capital Gain Inclusion rates
The Capital Gain Inclusion Rate has been proposed to increase from 50% to 2/3, effective June 25, 2024, for corporations and most trusts as…
Read more →
Jan 3, 2025Electronic letters only for businesses starting 2025 – CRA changes
In the Spring of 2025, CRA will change the default method of correspondence for most businesses to online only. This means that most businesses…
Read more →
Dec 1, 20242024 Year-End Tax Tips for Psychotherapists in Canada
December 31, 2024 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss…
Read more →
Sep 14, 2024Shareholder Purchasing Asset: Input Tax Credit (ITC)
An August 20, 2024 Tax Court of Canada case reviewed whether a corporation could claim ITCs of $8,874 related to the purchase of two…
Read more →
Aug 15, 2024CEBA: Collection Process
Where borrowers cannot repay their CEBA loan in full when it becomes due, the loan may be assigned from the taxpayer’s financial institution to…
Read more →Showing 9 of 46 articles