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
Capital Gains Inclusion Rate: Proposed Increase
GST/HST Returns: Mandatory Electronic Filing
Short-Term Rentals: Denial of Expenses
Short-Term Rentals: Sale of Property – GST/HST Issues
Director Liability: De Facto Director
Motor Vehicle Allowances: Carpooling
Unnamed Persons Requirement: Another CRA Compliance Tool
Online Reviews: Employees Must Disclose their Connection to the Business