Tag: Tax news
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.
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 […]
