Community of Public Accountants
Here’s a clear summary of the updates and their potential impacts: 1. Capital Gains 2. Canada Child Benefit (CCB) 3. Canada Pension Plan (CPP) & Québec Pension Plan (QPP) Enhancement 4. Volunteer Firefighters & Search and Rescue Volunteers 5. Disability Support Deduction 6. Home Buyers’ Plan (HBP) 7. Short-Term Rentals These changes may affect your…
Read More “Income Tax Changes impact your 2024 Tax Return” »
CRA announced that beginning in 2023, they will only provide Electronic Notice of Assessments and Reassessments for taxpayers. NO more mailing letters will be sent to your home but instead, they will just send a notification to your email, if any new updates is ready for you to view in My Account on the CRA…
Read More “A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)” »
A limited liability company (“LLC”) is a common type of entity used by U.S. persons investing in or operating a business in Canada. While it may not be optimal many Canadians use LLC’s to invest in or operate a business in the United States. LLC’s can be created in a number of States and may…
When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a province other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more offices continue to work remotely with no back-to-office dates in sight. If…
It is tax time, and you are looking for a good tax programs to file your tax return. And remember that always visit CRA website to look for the Government of Canada NETFILE compliant tax software. These ones do not have the maximum income restriction. Simple Tax https://simpletax.ca/ WealthSimple Wealthsimple Tax Genutax https://www.genutax.ca/ Taxman http://taxman.coolpage.biz/…
May be you are in the trouble with CRA, and you want to fight with CRA, and take your money back. Who is the right person you need to talk? Or you want to take places to setup offshore company, to protect your property, do you think a tax lawyer or Accountant you need to…
Read More “When you need a Canadian Tax Lawyer instead of Accountant” »
