Tag: Tax news
Update on T4 Slip Requirements for 2023
We would like to bring to your attention an important update regarding the T4 slip requirements for the calendar year 2023 and onwards. New Requirement It is now mandatory for employers to indicate whether an employee or any of their family members were eligible, as of December 31 of that […]
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 […]
Important Updates on CPP Contributions
This article is to inform you about some important updates to the rules regarding additional Canada Pension Plan (CPP) contributions. What’s New? Starting January 1, 2024, the second additional CPP contributions, known as CPP2, must be deducted from earnings between the year’s maximum pensionable earnings (first earning ceiling) and up […]
