Resources & Articles
Domestic Tax
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...
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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.
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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...
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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...
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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...
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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...
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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...
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Tax Anti-Avoidance rule changes on the horizon
(authored by RSM CANADA) After years of the GAAR provisions remaining unchanged, the government proposed substantial changes in the 2023 Budget and subsequent legislation.
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Federal government denies expenses on short-term rentals
The Federal government has introduced new proposed measures to disincentivize short-term rentals that aren’t in compliance with their local jurisdiction as of January 1, 2024. ...
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