On September 14, 2023, the Prime Minister announced extended deadlines for Canada Emergency Business Account (CEBA) loan repayments. The repayment deadline for CEBA loans to qualify for partial loan forgiveness of up to 33% (either $10,000 loan forgiveness for…
Read more >On June 22, 2023, Bill C-47 Budget Implementation Act, 2023, No. 1 received royal assent. Bill C-47 includes legislation to implement the new mandatory disclosure rules originally proposed in the 2021 federal budget. The upgraded mandatory disclosure rules will…
Read more >The 2023 Ontario Budget proposed a new Ontario Made Manufacturing Investment Tax Credit (“MITC”) which provides a 10% refundable tax credit to qualifying corporations that make qualifying investments in manufacturing and processing (M&P) in Ontario. The credit is available…
Read more >On June 22, 2023, Bill C-47 Budget Implementation Act, 2023, No. 1 received royal assent. Bill C-47 includes legislation to implement the new mandatory disclosure rules originally proposed in the 2021 federal budget. The upgraded mandatory disclosure rules will…
Read more >On March 28, 2023, the Federal Government tabled Budget 2023, which proposed a broad array of provisions impacting many individuals and businesses. The Budget did not include any changes to the personal or corporate tax rates or the inclusion…
Read more >Affected owners with filing obligations under the Underused Housing Tax Act (UHTA) will have more time to file returns and remit any taxes owing. The CRA has announced the application of penalties and interest under the UHTA for the…
Read more >On March 23, 2023, Ontario’s Finance Minister delivered the 2023 Ontario Budget titled Building a Strong Ontario. The government’s plan is to drive growth by lowering costs, getting key infrastructure projects built faster, and attracting more jobs and investment…
Read more >As discussed in our previous publication Underused Housing Tax, the Underused Housing Tax Act (the “Act”) was implemented in 2022 and aims to target ownership of vacant or underused housing in Canada. The Act applies an annual underused housing…
Read more >It’s tax season again and we’re offering you a checklist to make sure you compile all information necessary to complete your personal tax return. In this 2022 Personal Tax Return Checklist, you will find a list of information that…
Read more >The Underused Housing Tax Act (the “Act”) was implemented in 2022 and aims to target ownership of vacant or underused housing in Canada. The Act applies an annual underused housing tax (“UHT”) of 1% of the “taxable value” of…
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