September/October 2024 Newsletter

September/October 2024 Newsletter

Log your miles; avoid an audit To be reimbursed by your employer or to deduct vehicle expenses for vehicles used for employment duties, the Canada Revenue Agency (CRA) requires an accurate logbook of business travel… To find out more about the CRA requirements...
August 2024 Newsletter

August 2024 Newsletter

Canada Disability tax credit changes The government has proposed the Canada Disability Benefit Act designed to commit funding & payments for the Canada Disability Benefit to eligible Canadians starting in July 2025. For details on this, remittance payments &...
July 2024 Newsletter

July 2024 Newsletter

Big changes for Provincial Corporate Tax returns in 2025 Alberta Corporate Income Tax returns (AT1’s) for taxation years starting after December 31, 2024, will be required to file their provincial returns regardless of if the return is NIL. All corporations that do...
May 2024 Newsletter

May 2024 Newsletter

2024 Budget Changes to the Capital Gains Inclusion Rate The 2024 federal budget proposes changing the capital gains inclusion rate from 1/2 to 2/3, effective for disposition (sale) of assets on or after June 25, 2024.  Canadian Dental Care Plan (CDCP) On May 1, 2024...