Vacant Unit Tax | City of Hamilton
Vacant Unit Tax | City of Hamilton Declaration Period – February 10 to April 30 Following Council’s direction, the Vacant Unit Tax declaration period will open on February 10, 2025 and close on April 30, 2025.
Category: Update
Sault bookkeeper charged with stealing $559K from employer
We have report a news before regarding the former bookkeeper accused of check fraud and theft in $2 Million Case A 50-year-old who managed the finances for a business in Sault Ste. Marie has been charged with embezzling $559,701.63 from the business in just more than four years. The suspected turned themselves in Dec. 10,…
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GST/HST “Vacation”
In late November of 2024, the Federal government announced a temporary exemption period from December 14, 2024, to February 15, 2025, for specific items that typically incur GST or HST. Regrettably, this decision was made without thorough consideration prior to the announcement or the introduction of legislation. The projected savings for taxpayers are minimal, while…
Quickbooks Online Increase the price again
The recent price increase is a clear indicator of Intuit’s continuous efforts to boost revenue from its widely-used accounting software, QuickBooks Online. The company has attributed this rise to various factors, including inflation and the addition of new features and improvements to the software. In today’s fiercely competitive market, businesses are consistently looking for ways…
THE EU UPDATES ITS TAX HAVENS LIST
The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include: This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially…
How to open Liechtenstein bank account
Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…
The Best Open-Source Bookkeeping Software
What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…
Guide for Canadians Applying for Japan’s Digital Nomad Visa
Qualified Canadians who love Japanese culture or wish to leave Canada can now apply for Japan’s newly introduced digital nomad visa. Following Indonesia, Portugal, Spain, and Italy, Japan has become the latest country to launch such a visa, allowing foreigners to live and work remotely with their spouses and children for six months. Earlier this…
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Open banking could be coming to Canada. Here’s what you need to know
Big changes could be coming to Canada’s banking system, creating new opportunities for Canadians to control and streamline how they manage their money, but also giving rise to new cybersecurity needs. Here’s a look at what open banking, a set of financial policies adopted abroad and proposed for as soon as next year by the…
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Allowable Business Investment Loss (ABIL)
A business investment loss (BIL) arises on the sale or other disposition, at a loss, of: An ABIL is equal to 50% of a taxpayer’s BIL (that is, an ABIL is equal to 50% of the ACB of the share, or the principal amount of the debt, minus any proceeds received on the disposition). The…