As a small business ready to expand, you may have heard of the Scientific Research and Experimental Development (SR&ED) program. Maybe you’ve even skimmed the qualifications and asked your friends ...
A Tax Break for all Canadians
In an effort to reduce Canadians’ tax burden during the holiday season, the Federal government announced on Thursday that the majority of expenses will be temporarily free from GST/HST from ...
Reducing your Tax Burden: A Guide to Interest Expense Deductions
If you’re borrowing funds to support business growth and or investment growth, you may be eligible to deduct interest on your business or property income under the Income Tax Act. ...
What does the Capital Gains Inclusion Rate Increase Look Like for You?
This year’s Federal budget marked the first increase to the Capital Gains inclusion rate since 2000, an announcement that many criticized as having significant consequences on both high income and ...
Understanding the CRA’s 2024 Trust and Reporting Updates: Implications and Context
Earlier this year, the Canada Revenue Agency (CRA) announced significant changes to trust reporting rules that introduced new filing obligations for many express trusts, including bare trusts. These new requirements ...
Navigating the Evolving Tax Landscape: Key Changes and Challenges for Businesses
This year has seen significant shifts in tax regulations, making it a particularly volatile period for businesses. Three major tax changes have surfaced in recent years: The Canada Revenue Agency ...
A quick guide to success when buying or selling a pharmacy
Whether you’re buying or selling a pharmacy, there are several things to keep in mind. As all pharmaceutical entrepreneurs are aware, making the decision to purchase a pharmacy – or ...
How will Canada’s Capital Gains Increase Affects those with Investments?
The Canadian government’s plan to increase Canada’s capital gains inclusion rate, introduced in the 2024 Federal Budget, has caused growing concern from taxpayers as many consider selling cottages and investments ...
Important Medical Practice Accounting Milestones
Navigating the ins and outs of a medical practice can be complicated and overwhelming. The first step to any healthcare business is finding a trusted financial and legal team that ...