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
Due to the proposal to deny deducting expenses related to non-compliant short-term rentals, some owners may consider selling their short-term rental property. While it is widely discussed that gains on
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
A July 22, 2024 Federal Court case found that CRA’s refusal to accept and provide tax refunds for corporate tax returns filed more than three years after the relevant year-end
The 2024 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,
Are you looking for a good new accountant to help you with your company’s taxes? Here are some characteristics you should ask: Is the accountant a CPA? A licensed CPA
If a person sold a property (residential or commercial) less than 1 year after ownership, it is considered a “flipped property”, which carries significant tax implications. ] One tax implication
Are you entering Canada for the first time and plan to reside here for more than half a year? Or are you leaving Canada to reside in another country? Here
If you own a property that has been your principal residence and now you decided to rent it out, for tax purposes it is considered a change in use of
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