Tax Tips and Traps Newsletter – 3rd 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
• CPP Enhancements: Higher Contributions and Higher Benefits
• First Home Savings Account (FHSA): A New Investment Tool
• Cryptocurrency Exchange Cessation: Recordkeeping
• Multigenerational Home Renovation Tax Credit: More Housing Support
• Disability Tax Credit (DTC): Electronic Applications
• Paying Rent to Non-Residents: Withholdings Required
• Gifts Directed to Other Donees: Loss of Charitable Status