The current Canadian government has introduced what they call the Underused Housing Tax (UHT). This affects residential property and owners of that property. Excluded owners do not have to file a UHT return, however affected owners do have to file even if they do not owe tax or are exempt. If an affected owner fails Read more »
Month: April 2023
Personal Income Tax Tips for Doctors
As it is now time to prepare your 2022 personal income tax return, we are highlighting some important new tax measures and tips. WHAT’S NEW FOR 2022 PERSONAL TAX RETURNS First-time home buyers’ tax credit: The amount used to calculate the first-time home buyers’ tax credit has increased to $10,000 (from $5,000) Read more »