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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 […]
Employee Ownership Trusts (EOT)
There’s a worldwide trend to give employees a stake in the companies they work for. Some countries, like the UK and the US, have made special tax rules to make this easier. Canada is now joining in with similar rules proposed in their 2023 Budget, and expanded on it in […]
