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Benefits of Using Employee Ownership Trusts
The Canadian small business sector is witnessing a transformative shift with the introduction of Employee Ownership Trusts (EOTs). This innovative legal structure is set to redefine how businesses operate and transition ownership, offering significant benefits to both employees and business owners. What are Employee Ownership Trusts? EOTs are a new […]
Update on Bare Trust Filing Requirements
There are important updates regarding the filing requirements for bare trusts, which may impact your tax planning and compliance strategies. Bare Trusts Exempt for 2024 For the 2024 tax year, bare trusts will continue to be exempt from filing T3 Trust Income Tax and Information Returns. This exemption provides a […]
Changes to Employer Health Tax (EHT) from Budget 2024
There are significant changes to the Employer Health Tax (EHT) as announced in Budget 2024. These changes are set to impact many businesses across British Columbia, and we want to ensure you are fully informed and prepared. Key Changes to EHT: What This Means for Your Business: Next Steps: We […]
