In a significant development for the Canadian business landscape, the recently announced tax rules for family business transfers in 2023 have paved the way for a smoother and more seamless intergenerational transition of family-owned enterprises. These changes, set to...
Introduction Taxation is an integral part of any country’s financial system, and Canada is no exception. As we step into the fiscal year 2023-2024, it’s essential for Canadians to stay informed about the latest tax regulations and updates. In this blog,...
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...
