Tax Tips and Traps Newsletter – 2nd Quarter, 2023

Kenway Mack Slusarchuk Stewart LLP Chartered Professional Accountants is pleased to provide the following income tax commentary.  This commentary does not originate from our office.  Our subscription to the commentary allows for us to distribute it to our clients. We hope you find it useful.

In this issue, topics include:

• Tax Tidbits
• Budget 2023: Top Five Items for Owner-Managers
• Underused Housing Tax (UHT): Increased Disclosures and Taxes
• TFSA: Carrying on a Business Within It
• Unreported Capital Trades Included on a T5008: CRA Policy.
• Employment Expenses for Commissioned Employee: Sponsorship
• Small Business Succession: Many Business Transfers Coming Shortly
• Employee Time Theft: Some Challenges.