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Underused Housing Tax

Wed, 12/28/2022 - 15:23

Author:

UPDATE - JAN 31 2023 the form was released by CRA; Also we have received access to a useful Quick Reference Chart for you to use from our friends at Video Tax News - click here

As of December 31, 2022, a tax of 1% will apply to the value of any residential property that is considered underused and owned by an affected owner.

Federal Budget 2022

Fri, 04/08/2022 - 09:47

Author:

Michael Sadovnick

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Key Points:

General

No Capital Gains Tax Increase or Change to Principal Residence Exemption
No tax rate changes for individuals

Personal Tax Impacts

COVID Tax Programs - February 2021 Update

Sun, 02/21/2021 - 14:33

Author:

Michael Sadovnick

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COVID 19 TAX UPDATE - February 2021

A Note On Bookkeeping and COVID Programs for Business

2020 Work From Home

Tue, 12/15/2020 - 15:38

Author:

Michael Sadovnick

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Did you work from home during 2020? New for 2020 there are temporary changes for Work From Home Claims

Here is what you need to know

Are you an Employer? The new form T2200S will need to be certified and signed for your employees if they were required to work from home due to COVID-19. (https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2200s.html)

Year End Checklist - 2020 (Business Owners)

Tue, 12/15/2020 - 09:17

Author:

Michael Sadovnick

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What a year to be in business - from the various loans, subsidies and grants - to the constant unpredictabilty of government shut downs, reopenings and the constantly changing and hard to predict customer needs. As 2020 rolls out here are some tips to consider.

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Underused Housing Tax

Federal Budget 2022

Key Points:

COVID Tax Programs - February 2021 Update

2020 Work From Home

Year End Checklist - 2020 (Business Owners)

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