In January 2025, the Canadian federal government introduced significant tax changes affecting individuals who earn income through short-term rental platforms like Airbnb and Vrbo. These modifications aim to enhance regulatory compliance and ensure proper tax reporting...
As the popularity of cryptocurrency continues to rise, so does the importance of understanding the tax implications associated with digital assets. In the United States, the Internal Revenue Service (IRS) treats cryptocurrency as property, subjecting it to capital...
As of February 2025, several tax updates have been implemented in the United States, affecting vehicle-related deductions, property taxation, and small business operations. These changes aim to stimulate economic growth, support small businesses, and address...
As of February 2025, several significant tax updates have been introduced in Canada, affecting vehicle-related deductions, property taxation, and small business operations. These changes aim to stimulate economic growth, support small businesses, and address...
As 2025 unfolds, businesses in Canada should prepare for several significant tax changes introduced by the Canada Revenue Agency (CRA). These updates, effective this year, aim to streamline processes and ensure compliance with evolving tax regulations. Here’s a...
