There's still time for taxpayer input into 2023 budget for many provinces, but the deadline has passed for Alberta, BC and PEI. AB, NB and SK have set dates for their 2023 budgets.
If a Canadian trust, partnership or corporation owns a "housing unit" (doesn't have to be on residentially zoned property) in Canada, then the Underused Housing Tax return will have to be filed by May 1st, even if no tax is[…]
RL-24 slips MUST be provided to claim childcare expenses for 2022 and later years. This is a change from prior years in which childcare receipts were sufficient.
Topics in this month's 10-minute video for Canadian Tax and Financial Professionals: Underused Housing Tax | Statute-Barred Corporate Returns | Wage and Rent Subsidies - Partnership Income and Reviews | Relationship Breakdown - Written Separation Agreement | Canada Child Benefit[…]
Recent Tax Changes
2021 Updates coming soon
Contact us for more information on these new tax deductions and be sure to bring us your T1 tax return for completion.