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Saskatchewan Budget 2024 Highlights

saskatchewan legislature

Last updated: Apr. 1, 2024 
Saskatchewan Budget 2024 Highlights The 2024 Saskatchewan Budget was delivered by Finance Minister Donna Harpauer, on March 20, 2024. The Budget is anticipated to result in a deficit of $273.2 million for the 2024 – 2025 fiscal year. Here we’ll provide a summary of key highlights of Saskatchewan’s 2024 Provincial Budget. … Read more

New Trust Reporting and Filing Rules in Canada

trust filing and reporting rules canada

Last updated: Mar. 28, 2024 
Canada Revenue Agency Update, Effective March 28, 2024 In an update released March 28, 2024 the Canada Revenue Agency (CRA) has announced that bare trusts will not be required to submit a T3 Income Tax and Information Return along with a Schedule 15 (Beneficial Ownership Information of a Trust) for the … Read more

Alberta Budget 2024 Highlights

Last updated: Mar. 28, 2024 
Alberta Budget 2024 Highlights The 2024 Alberta Budget was delivered by Finance Minister Nate Horner, on February 29, 2024. The Budget is anticipated to result in surpluses of $5.2 billion for 2023 – 2024, then $367 million in the 2024 – 2025 fiscal year, and $1.4 billion in the following year. … Read more

British Columbia Budget 2024 Highlights

Last updated: Mar. 27, 2024 
British Columbia Budget 2024 Highlights The 2024 British Columbia Budget was released by Finance Minister Katrine Conroy, on February 22, 2024. The Budget is anticipated to result in a deficit of $5.9 billion for 2023 – 2024, and a deficit of $7.9 billion for the 2024-2025 budget year. No corporate or … Read more

Farmers and Ag Producers Tax Preparation [Free Checklists]

Last updated: Mar. 4, 2024 
Tax season can be a daunting time for farmers and agricultural producers in Canada. Being well-prepared for tax time is important, as obligations to the Canada Revenue Agency (CRA) and tax laws can be complex. Here we provide you with a comprehensive, printable farm tax preparation checklist that lists all the … Read more

Top 7 Tax Write-Offs Canadian Independent Contractors Should Claim

Independent contractor reviewing tax write-offs in preparation for filing taxes.

Last updated: Feb. 28, 2024 
As an independent contractor, you’re in control of when you work, who you work for, and how much you charge for your goods or services. But, when you’re your own boss, you’re also in charge of paying your own taxes. Although the Canada Revenue Agency (CRA) clearly defines what it means … Read more

How to keep audit-proof mileage logs that lower your taxes

man driving vehicle grey jacket

Last updated: Feb. 13, 2024 
A big perk of using your personal vehicle for business when you’re self-employed is writing off your motor vehicle expenses. But if you’re doing this without keeping a mileage log, the CRA could reject your claims for these expenses. The good news is that by following our advice, you can … Read more