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Tax Deadline 2024: When Is the Last Day to File Taxes?

Tax Deadline 2024: When Is the Last Day to File Taxes?

As the calendar flips towards spring, tax season looms large for Canadians. Knowing the deadlines for filing your return can help you avoid unnecessary stress and potential penalties. This article delves into the key dates associated with filing your 2023 tax return...
Canada Dental Care Plan (CDCP): New Income-Tested Benefit

Canada Dental Care Plan (CDCP): New Income-Tested Benefit

On December 11, 2023, Health Canada issued details on the Canada dental care plan that would cover a wide variety of dental services for certain Canadian residents. The plan will be rolled out from late 2023 to 2025. To be eligible, the individual and their spouse or...
Personal Services Business: CRA Education Initiative

Personal Services Business: CRA Education Initiative

In general, a personal services business (PSB) exists where the individual performing the work would be considered to be an employee of the payer if it were not for the existence of the individual’s corporation. These workers are often referred to as incorporated...
New Trust Reporting: Unexpected Exposure

New Trust Reporting: Unexpected Exposure

Changes requiring more trusts (and estates) to file tax returns and more information to be disclosed, first proposed in the 2018 Federal Budget, were delayed several times in the legislative process. The final rules (that are now law) first apply for 2023, with a...
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