The 2024 Federal Budget was released late this afternoon. While many of the new Federal Government programs were announced in the past few weeks, the Budget contained lots of new tax considerations that individuals and business owners need to be aware of. Lately, there has been talk about the “Positive Sandwich” around the Office. It is…
The New Trust Filing Requirements and Fishers There has been many questions about the new legislation and new filing requirements around something called a Bare Trust. Essentially, this new legislation is wide spread and is making certain situations on how an asset is held to become reportable and the need to file a T3 information tax…
Happy New Year. With the New Year come some important changes that as a business owner, you should know about. Canada Pension Plan Not only has the maximum pensionable earnings changed for CPP as of January 1, there is now a second contribution rate. The maximum pensionable earnings has been set at $68,500 and the…