New legislative amendments have enabled the Quebec government to overhaul the existing small business deduction (“SBD”) eligibility requirements.
To promote compliance with Canada’s tax laws, the CRA implemented the VDP to encourage taxpayers to voluntarily correct omissions in their tax filings.
On July 18th the Department of Finance announced sweeping tax change proposals related to the taxation of private corporations.
In this issue, topics include: 2017 year-end tax planning and 2017 renumeration.
Tired of your clunky file cabinet taking up space? We are. In this new blog series we will explore ways you can file your records electronically. Over the past …
The Department of Finance announced its intention to lower the small business tax rate to 10%, effective January 1, 2018 and 9%, effective January 1, 2019.
In this issue, topics include: Business Loss or Personal Venture, Guaranteed Income Supplement, Charity Filing and Compliance Obligations, and more.
Review engagement reports for fiscal periods ending on or after December 14, 2017 will contain added information compared to previous reports.
The CRA can deny paying a refund where a tax return is filed more than three years after the applicable tax year. This can result in tax consequences.
Until recently, the CRA did not require a taxpayer to report the sale of their principal residence on their income tax return.