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Navigating the Underused Housing Tax (UHT) Filing Requirements
The Canadian government has proposed significant changes to the Underused Housing Tax Act (UHTA), which will likely exempt you from having a filing requirement, but the amendments have not passed into law yet. The UHT filing deadline is April 30 and it is fast approaching. We are presenting 3 options […]
Changes to Home Office Expense Claims (Personal Taxes)
If you worked from home in 2023, you may be wondering how to claim home office expenses on your tax return. The Canada Revenue Agency has announced that it will update Form T2200 for the 2023 tax year by the end of January 2024. The updated form will simplify the […]
New and Expanded Trust Reporting
New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts (and estates) file tax returns. These changes will catch many individuals and businesses that may not be aware of their trust-like relationships, exposing them to potential penalties and other consequences for non-compliance. The […]
