Tax Alerts

New Trust Disclosure and Bare Trust Reporting

New penalties, New Reporting and New Headache 

https://smllp.notion.site/T3-Trust-Report-New-Reporting-Obligations-f0bd88396b7c4bf6b80f727275b0bd2c?pvs=4

How does CRA calculate interest?

Underused Housing Tax

SIGNIFICANT RULE CHANGES WERE ANNOUNCED IN NOVEMBER 2023, THE BELOW MAY NOT APPLY FOR MANY TAXPAYERS IN CALENDAR YEAR 2023 DUE IN APRIL 2024.

UPDATE - JAN 31 2023 the form was released by CRA; Also we have received access to a useful Quick Reference Chart for you to use from our friends at Video Tax News - click here

Federal Budget 2022

Key Points: 

General

  • No Capital Gains Tax Increase or Change to Principal Residence Exemption
  • No tax rate changes for individuals

Personal Tax Impacts

COVID Tax Programs - February 2021 Update

COVID 19 TAX UPDATE - February 2021

A Note On Bookkeeping and COVID Programs for Business

Pages

Phone: 604-688-7800 / 587.401.4900