Not-for-Profit and Charitable Organizations
Ontario not-for-profit organizations have until October 18, 2024 to bring their articles into line with…
Read More »
News
Changes to Ontario Business Registry
The registry is designed to enable simpler, faster and more convenient access for organizations that are…
Read More »
Tax-Free Savings Account Contribution Limits
The 2024 Tax-Free Savings Account (TFSA) Contribution Limit is$7,000 and the…
Read More »
Prescribed Interest Rates
Effective January 1, 2024 , the prescribed interest rate on overdue tax increased to 10%, which…
Read More »
Home Office Expenses
Employees who are required to work from home will be required to use the detailed method…
Read More »
Canada Pension Plan
The basic employer and employee CPP rate on earnings between $3,500 and $68,500 is unchanged at…
Read More »
Sales of Residential Real Estate
For 2023 onwards, sales of Canadian residential property will be fully taxable as business income if …
Read More »
Toronto Vacant Housing Tax
Owners of properties in Toronto that are classified as residential within the residential property tax…
Read More »
Underused Housing Tax
The issues related to the new Trust reporting requirements were also relevant in determining whether…
Read More »
New Trust Reporting
Trusts with taxation years ending after December 30, 2023, are now required to file a T3, Trust Income Tax and ….
Read More »