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LATEST NEWS
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February 2023
The Underused Housing Tax (UHT) is a new annual 1% tax on the ownership of vacant or underused housing in Canada.
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An Estate Plan
If putting together an estate plan isn’t at the top of your priority list, you’re not alone. It’s not something people typically want to think about for a variety of reasons.
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January 2023
Starting January 18, The Affordability Action Plan (TAAP) is rolling out $600 payments in $100 monthly installments.
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Protect Your Small Business from Cyber Attack
Many small business owners assume that cyber attacks only happen to big companies, banks or governments. Yet, limited digital security knowledge & lack of cyber defenses actually make small businesses vulnerable to cyber attack.
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Benefits of Money Mindfulness
Money mindfulness means being intentional & present with how you spend your money. It means not mindlessly paying for something with little thought to whether you can afford it.
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Improve Your Chance for a Business Loan
Getting approved for a business loan or line of credit is more difficult than qualifying for a personal loan. Here’s what you can do to improve your chance for a business loan.
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5 Financial Tips for Your 30s
Here are 5 financial tips for your 30s, to help you get ahead
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6 Essential Accounting Terms
Want to increase your accounting knowledge so you can have more informed, insightful discussions with your account this quarter?
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October 2022
Effective October 17, 2022, all new business authorization requests need to be confirmed by the client
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Disability Tax Credit
The DTC is a non-refundable tax credit. By non-refundable, we mean it reduces any taxes owing on your tax return.
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Are There Inheritance & Estate Taxes in Canada?
Clients regularly ask, are there Inheritance & Estate taxes in Canada? The good news is there is no inheritance tax in Canada on money or property you inherit. As a result, you do not report receiving it on your personal tax return. Why may you ask? It is the executor’s responsibility to file all personal […]
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September 2022
The CRA announced that the prescribed interest rates are increasing from October 1, 2022 to December 31, 2022.
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July 2022
The first installment of the climate action incentive payment (CAIP) was sent out today & recipients will receive both the April & July payment in one lump sump. The next installments will be October 15, 2022 & January 15, 2023. For more information on CAIP & what the CRA is auditing these days, check out […]
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Cryptocurrency
This taxation year was the first time we saw a lot of cryptocurrency (crypto) transactions, so we thought it might be interesting to share some tax information about it.
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Registered Education Savings Plan (RESP)
A Registered Education Savings Plan (RESP) might be the appropriate investment for the special children in your life.
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RRSP Over-contribution
A Registered Retirement Savings Plan (RRSP) is a great way to save for retirement. It offers flexible investing with tax-free investment growth in the plan. Withdrawal(s) usually happens during retirement when you are in a lower tax bracket resulting in lower tax withholdings. As a bonus, your RRSP contributions reduces your taxable income. The best part […]
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April 2022
Start your donation planning for the 2022 tax season! The Alberta government will match Sport, Physical Activity & Recreation Donation Fund Program donations made between April 1 & August 30, 2022. Read our April Newsletter for more information on this program & information on the how the Tourism Levy affects all accommodation providers. Do you have […]
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Canada Training Tax Credit
Did you pay tuition at an eligible educational institution? Then you may be able to claim the Canada Training Tax Credit (CTC) on your tax return. This refundable credit was created to help with training costs & is available to those with eligible tuition & other course fees. If you meet the requirements, you can […]
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