Resources & Articles
Domestic Tax
2024 Provincial Budget – Ontario
On March 26, 2024, the Minister of Finance Peter Bethlenfalvy released the 2024 Budget: Building a Better Ontario. The budget focuses on limited tax relief...
Read More >
T-SLIPS: Filing and Distribution Issues
Various changes and issues have arisen in respect of T-slips to be filed and processed for the 2023 year. Dental benefits Beginning with the 2023...
Read More >
CANADA DENTAL CARE PLAN (CDCP): New Income-tested Benefit
On December 11, 2023, Health Canada issued details on the Canada dental care plan that would cover a wide variety of dental services for certain...
Read More >
Working from Home Expenses: Employment Expenses
The $2/day flat rate method available to claim expenses for employees working from home was a temporary administrative measure only available from 2020 to 2022; it is no longer available in 2023. As such, employees working from home can only use the detailed calculation when claiming expenses.
Read More >
How to Make a Payment with Canada Revenue Agency for Your Business
Online Banking Payments Make a payment to the CRA through online banking, the same way you pay your phone or hydro bill. You are responsible...
Read More >
Important Payment and Canadian Tax Filing Deadlines for 2024
By filing the tax return(s) and paying the taxes due on time, taxpayers can avoid delays to any refund, benefit, or credit payments they may...
Read More >
AUTOMOBILE DEDUCTION AND BENEFIT RATES: 2024 Limits Released
Various automobile deductions and taxable benefit rates are limited to amounts prescribed by the Department of Finance annually. On December 18, 2023, the 2024, limits...
Read More >
New Trust Reporting: Unexpected Exposure
Changes requiring more trusts (and estates) to file tax returns and more information to be disclosed, first proposed in the 2018 Federal Budget, were delayed...
Read More >
Have you Considered the Scientific Research and Experimental Development Tax Credit?
Is your corporation involved in such activities as agricultural and food processing, information and/or communication technology, life sciences, advanced manufacturing, or independent research to name...
Read More >