Author: Jared Behr
Year-end Tax Loss Selling
As tax time approaches, individuals with significant capital gains incurred during the year might be wondering if there are ways to reduce their taxes owing for the year. Please note that Horizon CPA does not provide investment advice, only guidance on the tax treatment of investment transactions. Please consult your […]
Canada’s Underused Housing Tax Act
On June 9, 2022, the new Underused Housing Tax Act (The “UHTA”) received royal assent under Bill C-8 and is retroactive to January 1, 2022. The UHTA imposes a new tax for non-resident owners of Canadian residential housing of 1% of the property’s value. The purpose of the UHTA is […]
Bare Trusts: Proposed new reporting requirements you need to know
You’ll be required to file a tax return for Bare trusts under the New Trust Filing Requirements. Failure to comply with the new reporting rules may result in potentially significant penalties, including the new gross negligence penalty. If enacted, the new trust reporting rules will apply to trusts with tax […]
