Tag: Tax news
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 […]
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.
