Welcome to 2022 and hope you had a Happy New Year! Auto Cost Rule Changes January 1, 2022 The Department of Finance Canada announced the...

Today (December 14th, 2021) the Federal Minister of Finance has issued her economic statement /update with the following highlights;...

The Ontario government provided an update on this program that it has been extended one more year. The Ontario government is helping...

It's early December and tax planning time has come for calendar 2021. You may ask why now? The simple answer is most items in the Income...

As we approach the end of the year, 2022 changes need to be planned for. Here are some of the important changes that happen at year end...

Issued November 4th, 2021 Ontario Staycation Tax Credit Introducing the Ontario Staycation Tax Credit The government is proposing a new,...

Please note that these Regulations that were to come into force November 15 to cap the fees that disability tax credit (DTC) promoters...

Medical costs deduction in Canada since 2010 have not allowed for cosmetic procedures. The CRA had provided examples of expenses incurred...

$500 OAS Payment August 16, 2021 Canada

The law changed June 29th facilitating these transfers and the next day the government put out a statement June 30th that you needed to...

Revised December 9th, 2021 - This program has been extended to July 31, 2022. On Thursday, April 29, 2021, Monte McNaughton, Minister of...

My association has been lobbying the Federal Government to extend the tax filing deadline this year as Ontario is in lock down (see...

If you are holding any Crypto currency and you thought that no taxes would arise on your holdings when you sold them since they untracked...

The Ontario Budget was delivered today. Here is a summary of the highlights in the March 24, 2021 budget. Enjoy Peter 905-898-3355 Date:...

The next Federal Budget in Canada is April 19th, 2021 at 4pm. It has been 2 years since the last budget and it's coming within 11 days of...

The main COVIC-19 supports webpage was updated to note that Business owners can apply for support until June 30, 2021 through their banks...

On March 17, 2021, the U.S. Internal Revenue Service (“IRS”) issued IR-2021-59 whereby the U.S. Treasury Department and the Internal...

Ontario to Release the 2021 Budget on March 24th at 4pm. The Government will outline next phase of Ontario’s COVID-19 Action Plan If you...

For those that needed government help during the pandemic and have received the Canada Recovery Benefit (CRB) then you may have a tax...

A couple of tax programs to be aware of that could get you some tax money back on needed renovations for those age 65 or older that make...