Underused Housing Tax
When preparing your personal income tax return for 2022, there is a new tax that you should be aware of that may apply to you. The Underused Housing Tax is an annual 1% tax on the ownership of vacant or…
Serving the Parkland and Surrounding Area
Serving the Parkland and Surrounding Area
Category Tax News
Top 10 List – Personal Tax Savings
With personal tax season fast approaching, we often get asked the question – “What should I be claiming on my income taxes that I don’t know about?” The answer is not necessarily the same for everyone. It depends on their…
What’s New for 2023 Tax Season
Since the calendar has turned to 2023, it’s hard to believe that tax season is just around the corner. Some of you might be wondering what’s new for filing your 2022 Income Tax return. Here are some of the changes…
Avoid Being Late with Canada Revenue Agency (Small Business)
If you own a small business in Canada, there are several important deadlines from Canada Revenue Agency (CRA) that you should be aware of. Failure to meet these requirements can result in the penalties and interest assessed by CRA. Payroll…
Immediate Expensing of Capital Property
With the calendar turning to 2023, it is a good time to consider tax planning. One of the most interest opportunities for tax planning is Immediate Expensing of Capital Property. The 2021 Federal Budget introduced new rules with respect on…
It’s Tax Season, are you ready?
It’s Tax Season, are you ready? As the days are getting longer and we look forward to the spring equinox, it’s a sure sign that a new season is upon us. No, it does not mean spring – it’s tax…
What’s New for 2021 – are you up to date on the latest tax changes?
Tax season is upon us! As you may or may not know, tax updates and changes occur every year. It is our job as professionals to stay up to date with these changes. However, we feel it is important to…