Tax Tips and Traps Newsletter – 3rd Quarter, 2024

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
• Real Estate: CRA Audit Activity
• Business Receipts: What is Sufficient?
• Crypto-Assets: Reviews and Audits
• Canada Pension Plan: Changes to Certain Benefits
• Canada Pension Plan: Timing of Starting Payments
• TFSA: Caution with Overcontributions
• Use Of Corporate Assets By Shareholder: Taxable Benefits?
• CEBA: Collection Process