On November 21, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland introduced the 2023 Fall Economic Statement (FES 2023) on behalf of the federal government. These measures aim ...
Ontario’s Fall Economic Outlook Promises Additional Tax Credits During Financial Uncertainty
The Ontario Fall Economic Statement 2023 forecasts a substantial increase in the deficit for the 2023-24 fiscal year of $5.6 billion. This marks a significant departure from the province’s 2023 ...
How the Next Generation Can Ensure a Smooth Leadership Transition
Succession planning is an essential part of a business’s lifespan – one that’s often overlooked. A study by the Family Business Institute found that only around 30% of family businesses ...
Strategic Use of Multiple Wills in Canadian Estate Planning: Navigating Probate Fees
Creating multiple wills is a practice that has been associated with estate planning in Canada, particularly in provinces like Ontario for the last 20+ years. The primary reason people create ...
Zeifmans recognized as a Top 10 Accounting Services Provider in Canada!
We are pleased to announce that Zeifmans LLP was featured in Business Management Review Magazine’s 2023 Top 10 Accounting Services Providers in Canada! This acknowledgement recognizes Zeifmans’ track record of ...
Maximizing growth: Tax considerations and key questions for business expansion or acquisition
Growing a business during a turbulent economy comes with many complicated decisions. Whether you’re expanding an existing company or buying a new one, there are a variety of tax considerations ...
2023 Budget Tightens Tax rules while Investing in Clean Tech
The 2023 Federal Budget, presented by Finance Minister Chrystia Freeland on March 28, forecasts a $43 billion dollar deficit, with both spending cuts and tax increases. High income individuals may ...
Tax Insights: A summary of The Underused Housing Tax (UHT) for Canadians
Canada’s newest Underused Housing Tax (UHT) was enacted last summer, meaning some residential property owners (i.e., those not considered “excluded owners”) are expected to file a UHT return and pay ...
What do emerging industries need to know in a shaky economy?
You don’t need a degree in economics to know we’re having a bad year. With staggeringly high inflation rates, rising interest rates and a stock market that’s had a horrible ...