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 »
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 »
Personal Tax Filing Deadline Fast Approaching (2020 Tax Year) With the April 30th deadline for doctors and medical professionals to file their personal tax returns fast approaching, we encourage you to contact us as soon as possible to prepare your 2020 personal income tax return. Benefit of New Home Office Expense Deduction – (2020 Tax Read more »