Advanced Trust Reporting Requirements:
New rules for trust reporting are coming for 2023 returns Dear Clients and Friends, Canada Revenue Agency’s (CRA) new administration will require most trusts to
Introducing Canada’s Digital Adoption Program
Dear Clients and Friends, The Government of Canada is offering support to small and medium-sized Canadian-owned businesses (SMEs) through the Canada Digital Adoption Program (CDAP),
Taxation of Cryptocurrency
Dear Clients and Friends, Given the recent rise in the use of cryptocurrencies, the Canada Revenue Agency (CRA) has implemented guidelines on the taxation of
The New Critical Mineral Exploration Tax Credit
Dear Clients and Friends, In an attempt to encourage the exploration of minerals essential to the development of environmentally friendly technologies, the government has introduced
Loan at the prescribed rate before it’s too late!
Dear Clients and Friends, With the Bank of Canada increasing the prescribed rate of interest to 3% on October 1, 2022, we would like to
New Improvements to Small Business
Deduction Dear Clients and Friends, The 2022 Federal Budget proposed a favourable tax change for Canadian-Controlled Private Corporations (CCPCs) that were previously restricted from claiming