Resources
Successful financial management and planning are founded on accurate and up to date information. Here are some links to the latest tax news and publications that we find particularly useful. If there’s something you don’t see here, or you have any questions, we are just a phone call or email away.
To use the resource table, simply select a subject that interests you.
Gifts and Awards (rules for employees)
A gift or award that you give an employee is a taxable benefit from employment, whether it is cash, near-cash, or non-cash. However, CRA has an administrative policy that exempts non-cash gifts and awards in some cases.
Bare Trusts and Jointly Owned Property
New CRA Reporting Requirements for Trusts: December 2023 Update See last month's blog for more details: "New rules for trust... Read More
First Home Savings Account (FHSA)
The First Home Savings Account (FHSA) in Canada offers several key guidelines for prospective first-time home buyers: Purpose and Availability:... Read More
Ontario Not-for-Profit Corporations Act (ONCA) | Are You Compliant?
The Ontario Not-for-Profit Corporations Act (ONCA), proclaimed on October 19, 2021, introduces significant changes affecting nonprofits in Ontario: Overview of... Read More
New rules for trust (“T3”) reporting – YOU MAY BE AFFECTED
We would like to inform you about the new rules for trust (“T3”) reporting that have been recently introduced by... Read More
Underused Housing Tax Transitional Relief Announced
The Canada Revenue Agency (CRA) understands that there are unique challenges for affected owners in the first year of the... Read More
Personal Income Tax Checklist - 2022 Returns
Eliminate confusion at tax time! Be sure that everything is organized and ready for your accountant with this checklist.... Read More