Author: Jared Behr
CCA Immediate Expensing Benefits Ending in 2023
This article is to inform you about an important update regarding the Capital Cost Allowance (CCA) immediate expensing benefits. What’s Changing? Canadian Controlled Private Corporations (CCPCs) have until December 31, 2023, to acquire property eligible for temporary immediate expensing measures. These measures allow eligible businesses to claim up to $1.5 […]
2023 Year-End Tax Tips
As the year 2023 comes to an end, we would like to share with you some tax tips that may help you save money and plan ahead for the next year.
New Bare Trust Rules
The new reporting requirements will require trustees of a trust (including a trustee of a bare trust) to file a T3 Trust Income Tax and Information Return annually for tax years ending on or after December 31, 2023. If you don’t follow these rules, you could face penalties, including a […]
