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Tag: Newsletter

September/October 2024 Newsletter

Log your miles; avoid an audit To be reimbursed by your employer or to deduct vehicle expenses for vehicles used for employment duties, the Canada...
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August 2024 Newsletter

Canada Disability tax credit changes The government has proposed the Canada Disability Benefit Act designed to commit funding & payments for the Canada Disability Benefit...
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July 2024

Big changes for Provincial Corporate Tax returns in 2025 Alberta Corporate Income Tax returns (AT1’s) for taxation years starting after December 31, 2024, will be...
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May 2024

2024 Budget Changes to the Capital Gains Inclusion Rate The 2024 federal budget proposes changing the capital gains inclusion rate from 1/2 to 2/3, effective for disposition...
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April 2024

Earnings From Online Platforms Do you earn full-time or part-time income from online platforms? If so, you're considered to be a platform economy participant &...
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March 2024

What's New? Our Hours Are Changing April 1stEdmontonMonday to Thursday 9 AM - 12 PM & 1 PM - 5 PMFriday 9 AM - 4...
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August 2023

First Home Savings Account (FHSA) We may have mentioned it before however, we thought it was a good idea to mention it again. The FHSA...
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June 2023

The Under Used Housing Tax (UHT) You may be tired of hearing about the UHT however, there are such huge penalties for not filing a...
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May 2023

Thinking of Buying a Home? On April 1, 2023, the new First Home Savings Account (FHSA) went live. This new tax-free savings plan offers first...
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April 2023

Extended Filing Deadline for the Underused Housing Tax (UHT) The Canada Revenue Agency (CRA) announced that due to the "unique challenges" associated with the UHT,...
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March 2023

Dealing With The Canada Revenue Agency (CRA) How to Confirm It's the CRA Calling You With all the scams happening these days it's difficult to...
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January 2023

The Alberta Government Announced The Affordability Action Plan Starting January 18, The Affordability Action Plan (TAAP) is rolling out $600 payments in $100 monthly installments.People qualifying...
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December 2022

Applications for the new Canada Dental Benefit are now open!The interim Canada Dental Benefit is intended to help lower dental costs for eligible families earning less than...
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November 2022

Do You Owe Money to the Canada Revenue Agency (CRA)?At some point we all face outstanding debt. Often it's in the form of a bank...
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Disability Tax Credit

Often, we or someone we care about may have been born with or develop an impairment. This impairment can be physical or mental, resulting in...
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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...
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September 2022

The Canada Revenue Agency (CRA) announced that the prescribed interest rates are increasing from October 1, 2022 to December 31, 2022. What does this mean...
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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...
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November 2021

Have you made a new home purchase or plans to purchase? The First-Time Home Buyer’s Amount (HBA) tax credit & the Home Buyer’s Plan may...
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July 2021

As of June 28, 2021, Processing Review letters are starting to be sent out by Canada Revenue Agency (CRA). These relate to the personal income tax...
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