Your Business Unleashed Blog :
Tax – Canadian Corporate

Simplified Method for Claiming Meal and Vehicle Travel Expenses When it comes to claiming travel expenses on your taxes, the process doesn't have to be complicated. Whether you’re moving, or traveling for medical reasons, there…

How to write off my vehicle in my small business? As we head into 2025, there are a few updates around vehicle-related deductions and benefit rates that could impact your business. The federal government has…

CRA Announces Temporary Penalty Relief for Taxpayers Amid Capital Gains Inclusion Rate Delay The Canada Revenue Agency (CRA) has introduced penalty and interest relief measures in response to the deferred implementation of the capital gains…

CRA Online Mail Since our firm does not monitor or manage CRA online mail for any of our clients, this page will provide you with guidance on staying up to date with online letters and…

Capital Gains Rate Increase Deferred to January 1, 2026 Read the Government’s announcement here. In a welcome, but highly ridiculous, show of Liberal incompetence, the federal government has announced a delay in the planned increase…

CRA Online Mail: What Canadian Taxpayers and Businesses Need to Know The Canada Revenue Agency (CRA) is increasingly shifting its communication practices toward online mail, making it the default method for delivering correspondence to taxpayers…

2024 Personal Tax Planning Tips for Canadians  As we approach the end of 2024, it’s an ideal time for Canadians to assess their finances and explore strategies to maximize tax savings before the year closes.…

Capital Gains Inclusion Rate Increase Might Not Happen The possibility that the proposed increase in the capital gains inclusion rate, as well as the increase in the lifetime capital gains exemption to $1.25M, may not…

Reduced Credit Card Transaction Fees for Small Businesses? The Government of Canada has introduced changes that it claims will reduce credit card merchant fees by up to 27%, starting on October 19, 2024. which could…

Carbon Tax Rebate for Small Businesses After 5 long years of empty promises, the Government of Canada is finally honoring its commitment to rebate some of the carbon tax paid by small businesses. According to…

Update and answers about the capital gains inclusion rate increase In the 2024 federal budget, release on April 16, 2024, the Liberal government, led by Finance Minister Chrystia Freeland, announced that they intended to increase…

What is the Canadian Entrepreneur’s Incentive (CEI)? Contained in the 2024 Federal Budget is new Canadian Entrepreneur’s Incentive, which gives certain entrepreneurs in a very limited number of industries access to reduced capital gains inclusion…