Call Us
Call Anytime 24/7
Mail Us For Support
Office Address
E-mail us at
Office Address
203-2087 Dundas St. E, Mississauga
Incorporating as a Registered Psychotherapist (RP) can be an excellent decision for individuals seeking greater control over their practice, enhanced financial benefits, and professional growth. This guide will explore the key steps, advantages, and considerations for psychotherapists who
Read More
As of June 20, 2024, certain psychotherapy and counselling therapy services have become exempt from GST/HST. This means that those providing these exempt services are no longer required to collect GST/HST on their services, and these service providers
Read More
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 as Airbnb or VRBO properties rented for periods of less than 90 days). These
Read More
Real Estate: CRA Audit Activity CRA uses a combination of risk assessment tools, analytics, leads and third-party data to detect non-compliance in the real estate sector. They have identified ten areas where they perceive that there is a
Read More
Capital Gains Inclusion Rate: Proposed Increase The 2025 tax Federal Budget proposed to increase the capital gains inclusion rate from 50% to 2/3 of the actual gain, effective for capital gains realized on or after June 25, 2024,
Read More
In Canada, expecting mothers are entitled to various maternity and parental benefits, but the situation can differ significantly for self-employed individuals. While employees are automatically covered under the Employment Insurance (EI) program, self-employed workers must take additional steps
Read More
As a psychotherapist in Canada, you have the opportunity to reduce your taxable income by taking advantage of various tax deductions available to you. Whether you’re self-employed or own a small private practice, understanding what expenses are deductible
Read More
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 occurred from 2019-2023; phase 2 will occur from 2024-2025. Overall, the changes will require
Read More
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 FHSA must be at least 18 years of age and resident in Canada.
Read More