2023 T4 Income Tax and CPP Remittance
In the course of preparing the 2023 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees. If you have not made any payroll remittances for 2023 for your management salaries, please contact Ryan Lore […]
CEBA Repayment Deadline Looms
It’s time to talk CEBA, folks. The Canada Emergency Business Account (CEBA) loans that so many of us qualified for back in the heart of the pandemic are all about to come due. They must be paid back, in full, by January 18th, 2024. The benefits for repaying your CEBA loan by January 18th are […]
Deadline Reminder: Underused Housing Tax Returns Due October 31, 2023
Some of you may remember our newsletter from last March, when we asked all owners of Canadian residential property to pay close attention to a new Federal vacancy tax with an April 30th filing deadline. This “Underused Housing Tax” (UHT) had created tax filing requirements for far more property owners than many realized. It also […]
The T1 Deadline Looms!
We’ve noticed that many clients have yet to send in their personal tax material. Please help us out by getting your material in to us as quickly as possible – even if one or two items are missing. Send us what you have now, so we can at least get a preparer assigned to the […]
Welcome to the 2022 Personal Tax Filing Season!
It’s time again to file your personal tax returns. This year, 2022 tax returns must be in the hands of the Canada Revenue Agency by no later than Monday, May 1, 2023. We’d like to deliver the finished product as quickly and efficiently as possible – and we’re sure that many clients will, as of today, […]
2022 T4 Income Tax and CPP Remittance
In the course of preparing the 2022 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees. If you have not made any payroll remittances for 2022 for your management salaries, please contact Marnina Nattrass […]
What’s New with Trusts in 2022?
For 2022 and subsequent tax years, Budget 2018 proposed a new reporting obligation that requires express trusts to report the identity of all trustees, beneficiaries, and settlors of the trust. These changes are being made to improve the collection of ownership information to help Canada Revenue Agency assess the tax liability for trusts and its […]
