Taxing on Vacant Property Amid a Housing Crisis. What is the Vacant Home Tax, and Will it Contribute to Solving the Housing Crisis?
On April 27, 2021, we discussed the Toronto Vacancy Tax on our website following its implementation on December 16,2020. Since then, multiple cities across...
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Moving Expenses: A Comprehensive Guide
Are you planning to move because of work or school? If so, you could be eligible to claim moving expenses on your next tax return! Understanding the...
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What is the Canada Pension Plan?
The Canada Pension Plan (CPP) is a contributory social program whereby Canadian workers, employees, and self-employed individuals, contribute a percentage...
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A Guide on Scientific Research and Experimental Development (SR&ED) Tax Credits
If your business engages in research and technological advancements, it may qualify for tax credit incentives from the Scientific Research and Experimental...
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Financial Security Requirement for Beer Manufacturers
On May 6, 2024, the CRA released a circular that explains the requirement, as per the Excise Tax Act, that manufacturers of beer or malt liquor, wort, yeast...
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Income Tax Implications of Departing Canada
For tax purposes, the distinction between a resident and a non-resident of Canada is essential in determining how much a taxpayer owes. Canadian residents...
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The Differential Tax Treatment of Employees vs Independent Contractors
Navigating the world of taxes can be a complex endeavour, especially when it comes to determining whether you are classified as an employee or an...
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Electric Vehicle Supply Chain Tax Credit
On April 16th, 2024, the Federal Government released the 2024 Federal Budget. The Budget introduced various incentives aimed at advancing the Canadian...
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