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.
Tax Preparation
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.
Optimizing Your Farm’s Tax Strategy
When it comes to farm work, it’s not unusual to offer additional perks for employees.
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.
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.
Explaining Capital Gains: New Inclusion Rates Simplified.
Whether you sold off assets or hedged your bets before the new capital gains rules kicked in on June 25, understanding these changes is crucial.