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GST and HST: A Common Pitfall for Nonprofits Does your non-profit organization (“NPO’s”) earn revenue from memberships? If so, you should be aware of the potential pitfalls with respect to the GST/HST system. Informally, the…

Important Update: Bare Trusts Exempt from 2023 Trust Reporting Requirements Many unsuspecting citizens are now becoming aware of the Government’s recent roll out of the new reporting guidelines for trusts. These measures are aimed at…

David Crawford on the proposed UHT changes - InvestmentExecutive.ca We're excited to share that our very own David Crawford has been featured in an article by Investment Executive discussing the latest updates to the Underused…

2024 CRA per-kilometer allowance rates The Canada Revenue Agency (CRA) has adjusted the per-kilometer rates for vehicle allowances, varying by year and location. Here's a breakdown of the recent revisions: 2024 Automobile Allowance Rates: -…

Cracking Down on Non-Compliant Short-Term Rentals: What You Need to Know In the 2023 Fall Economic Statement, the Canadian federal government announced a significant move to deny the deductions for owners of non-compliant short-term rentals.…

Understanding the First Home Savings Account (FHSA) in Canada The First Home Savings Account (FHSA) is a tax-free savings account designed to help first-time homebuyers save up to $40,000 for a home purchase. Introduced through…

Retirement Hub by the Government of Canada Are you planning for your retirement? Do you want to learn more about your public pension options like the Canada Pension Plan (“CPP”) and Old Age Security (“OAS”)…

Understanding the Residential Property Flipping Rule in Canada The Residential Property Flipping Rule, introduced by the government of Canada for sales on or after January 1, 2023, is aimed at curbing the practice of buying…

What's New for Individual 2023 Tax Returns? Here is a quick summary of some of the major changes your 2023 personal tax returns that you should be aware of. Please note that your personal tax…

What Are the Proposed Changes to the New Underused Housing Tax? Are you an owner of a Canadian residential property?  If so, you may be affected by Canada’s new Underused Housing Tax (“UHT”). Canadian citizens…

Are You a Property Manager with Foreign Owners? Do you manage short-term rental properties for property owners who are not Canadian citizens or permanent residents? Are the properties located in British Columbia or any major…

Canada UHT Updates: What the Online Assessment Tool Means for You As a Canadian property owner or investor, you may be aware of the country’s new Underused Housing Tax (“UHT”) that was enacted for the…