A promise to legalize employee ownership trusts (EOTs) in Canada was made in the federal budget for 2022. This will make it easier for employees to buy into and own Canadian companies. EOT-related changes to the Income Tax Act (Canada) (the Tax Act) were included in...
A number of of the main tax percentages have increased significantly for 2023 as a result of the considerable inflation we had in 2022. Economic uncertainty has been strong over the last 12 months as a result of COVID-19 developments. As a consequence, while...
The majority of tax season has officially passed, but scammers are still active in their attempts to trick you into disclosing personal information. The scammers are waiting for you since you’re seeking for your refund or notice of assessment! If you’ve...
Running a successful small business requires more than a great idea and hard work. It also requires proper financial management, and that’s where bookkeeping comes in. Bookkeeping is the process of recording and organizing financial transactions, which plays a...
Freelancing can be a rewarding way to earn a living, but it also comes with some challenges regarding taxes. Unlike employees, freelancers are responsible for reporting their income and expenses, paying taxes and contributing to social security programs. If you’re a...
