Charitable Donations for Taxes: Individuals vs Corporations
Charitable giving offers a powerful way to provide tax relief while helping a cause close to your heart.
Small Business Taxes
Your Guide to 2025 Tax Dates, Rates and Numbers in Canada
Last updated: Jan. 9, 2025
Tax season can feel overwhelming, but don’t worry. Filing your taxes accurately and on time is easier than you think. We’ve compiled a handy list of key dates and tax numbers to help you get started. Canada’s tax filing and payment deadlines for the 2024 tax year Description Date Registered Retirement … Read more
2025 Canadian Corporate Tax Rates and Deadlines
Last updated: Jan. 9, 2025
As we wind down another challenging year of dealing with historic inflation, the last thing you want to think about is taxes. However, with profit margins tighter than ever, this is exactly the right time to take steps to minimize your tax burden. For incorporated businesses, this starts with understanding your … Read more
2024 Fall Economic Statement: Key Takeaways
The Canadian government’s 2024 Fall Economic Statement was released on December 16, 2024, and outlines various initiatives to strengthen the economy.
Which Charitable Donations Give You a Tax Break?
Donations can take many forms, but there are specific rules about what types of donations qualify for a tax break in Canada.
7 Year-End Tax Planning Tips for Small Business Owners
Last updated: Dec. 4, 2024
*UPDATED FOR 2024* The calendar year may be winding down, but there’s still time to create a strategy to lower your tax bill and boost your bottom line. 1. Long-Term Tax Strategy and Business Transition Plan If you haven’t already developed a long-term tax strategy or business transition plan, it’s … Read more
Alternative Minimum Tax (AMT) Changes: Everything You Need to Know
While most Canadians are never subject to Alternative Minimum Tax (AMT), business owners who generate high income may find themselves subject to this alternative tax regime.
What is the TFSA Limit for 2025?
Last updated: Nov. 29, 2024
The Canada Revenue Agency (CRA) has announced the 2025 Tax Free Savings Account (TFSA) contribution limit is $7,000. Want to learn more about this investment option? Read on to learn the ins and outs of TFSAs – from finding your limit to accurately tracking your contributions. What is a TFSA? … Read more
CPP Enhancement 2024: A Comprehensive Guide for Employers
The Canadian Pension Plan (CPP) enhancement significantly increases pension contributions from employers, employees and self-employed individuals.