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.
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.
The Truth About Interspousal Transfers on Farm Properties
You’ve worked tirelessly on your farm. Now, it’s time to reap the rewards… and pay as little tax as possible.
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
Year-End Transportation Tax Tips for Canadian Truckers
Long hours, harsh conditions, and a constant battle against the clock. As a truck driver, you’ve got a lot on your plate. But what about your taxes?