Vacant Housing Tax in Canada: An Overview Housing affordability has become a significant issue in Canada, particularly in major cities like Vancouver and Toronto. A contributing factor to the lack of affordable housing is the prevalence of va... News Taxes Mar 12, 2023
Underused Housing Tax Act in Canada: Filing Options and Payment Methods The Housing Tax Act, which came into effect in Canada in 2022, is designed to address the issue of vacant or underused housing. The Act imposes an annual tax on such properties, known as the Underused... Taxes Feb 24, 2023
10 Tips for Tax Season 2 / 2 Tax season is upon us, and it’s essential to start planning ahead to ensure that you get the most out of your returns. The personal income tax return for 2022 has to be filed on or before May 1s... Taxes Tips & Tricks Jan 23, 2023
CRA Announces Indexation Adjustments for 2023 The CRA has updated its website with the 2023 indexation adjustments. Given rising inflation, the indexation factor has increased to 6.3% for 2023 (2022 – 2.4%). The indexation factor impacts various ... News Taxes Dec 12, 2022
Federal Fall Economic Statement 2022 On November 3, 2022, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the 2022 Fall Economic Statement . The economic update reports an expected deficit for 2022-2023 of $36.... News Taxes Dec 9, 2022
Ontario Economic Outlook On November 14, 2022, Ontario’s Finance Minister delivered the 2022 Ontario Economic Outlook and Fiscal Review. The outlook titled Ontario’s Plan to Build: A Progress Update expects economic growth an... News Taxes Dec 5, 2022
How Accounting Is Moving to the Cloud Cloud-based software has upended the digital world in the past few years. As businesses have adopted cloud services, industries like healthcare and education undergo significant digital transformation... Accounting News Taxes Sep 28, 2022
Retirement savings strategies for the CPA business owner Five Interesting Ways a CPA Business Owner Can Plan For Retirement Retirement planning refers to preparing for when you will stop working. There are many different strategies that can help a person sa... Accounting Taxes Aug 26, 2022
Basic Bookkeeping for Small Business in Canada Accountants analyze data available in records, which are collected and organized by a bookkeeper. Therefore, a bookkeeper’s job is equally important as poor record handling can cause inaccurate accoun... Accounting Taxes Aug 26, 2022
Grow your practice and scale your impact with the top innovations unveiled at QuickBooks Connect Canada 2022 This year, we’re taking bold steps in Canada to fuel growth for our QuickBooks customers and the accounting and finance industry. We announced a transformative partnership to help you grow your practi... Accounting Taxes Aug 16, 2022
QuickBooks Online Tutorial: A Beginner’s Guide Introduction QuickBooks Online is accounting software that allows businesses to manage their finances and track spending. It is a cloud-based system accessible from anywhere with an internet connectio... Accounting Taxes Aug 16, 2022
Tax Brackets Canada 2022 As we move into the new year, the Canadian government has released its new tax brackets for 2022. This year, there are a few changes that could impact your bottom line. Here’s what you need to know ab... Accounting Taxes Aug 16, 2022
