2024 – Q4
Tax Tidbits Corporate Tax Return Filed Late: Ability to get a Tax Refund Shareholder Purchasing Asset: Input Tax Credit (ITC) Psychotherapy and Counselling Therapy: GST/HST? Shareholder Loan Account: Proper Bookkeeping Withholding on Rent Paid to Non-Residents: Draft Legislation Employment Expenses: Salary to Spouse New Canada Disability Benefit: Proposed Regulations Trust Distributions: Violating Trust Terms
2024 – Q3
Tax Tidbits Real Estate: CRA Audit Activity Business Receipts: What is Sufficient? Crypto-Assets: Reviews and Audits Canada Pension Plan: Changes to Certain Benefits TFSA: Caution with Overcontributions Use of Corporate Assets By Shareholder: Taxable Benefits? CEBA: Collection Process
2024 – Q2
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 Non-Profit Organization: Maintaining […]
2024 – Q1
Tax Tidbits New Trust Reporting: Unexpected Exposure Automobile Deduction and Benefit Rates: 2024 Limits Released T-Slips: Filing and Distribution Issues Personal Services Business: CRA Education Initiative Working From Home Expenses: Employment Expenses Canada Dental Care Plan (CDCP): New Income-Tested Benefit Farm Losses Can Be Restricted: May Apply Even When Significant Time and Cash is Invested
2024 Personal Income Tax Return Checklist
A. Information – All Clients Must Provide B. Questions to Answer C. Additional Information – New Clients Must Provide D. Other
2024 Year-End Tax Planning
2024 Year-End Tax Planning 2024 Remuneration