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...

The 2025 tax season is fast approaching, and several updates will shape the financial landscape for individuals and businesses. Staying informed can ensure accurate tax planning and compliance. Here's a breakdown of the key changes to watch for this year. Adjustments...

The Canada Revenue Agency (CRA) has announced several important updates for 2025. These changes reflect inflation adjustments and policy updates, impacting tax brackets, contribution limits, and benefits. Here’s what you need to know to plan your finances effectively....

Working from home is increasingly common, and claiming home office expenses on your taxes can help offset associated costs. To ensure you maximize your deduction without running afoul of tax regulations, follow these updated tips: Understand Eligibility Criteria To...

When it comes to spa services in Canada, understanding taxes can make a difference in how much clients pay and what businesses need to track. The tax treatment for spa services varies by province and depends on factors like service type, location, and tax regulations...

In a recent announcement, Nova Scotia’s Finance and Treasury Board shared that the province will reduce its Harmonized Sales Tax (HST) rate from 10% to 9% starting April 1, 2025. This means the combined HST, including the federal Goods and Services Tax (GST) of 5%,...