Our Financial and Tax Related Blog
Stay up to date with recent information, tips, and CRA announcement regarding personal, corporate and business taxes
CRA changed the authorization policy
Canada Revenue Agency has changed the tax payers’ authorization policy recently. Under the new rule,the tax payers have to have an online account with CRA through which they would authorize theirAccountants /Tax Preparers. Accountants /Tax Preparers can also...
Canada GST Credit Is Now Doubled
Canada GST Credit Is Now DoubledThe government of Canada has doubled the Goods and Services Tax (GST) credit for half ayear in order to diminish the impact of inflation and make life more affordable forapproximately 11 million Low-income Canadians. Canadians who...
ZERO RATED GOODS/SUPPLIES AND SERVICES
The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...
ZERO RATED GOODS/SUPPLIES AND SERVICES
The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...
UPDATES ON CEBA
The government of Canada provided $149 billion to 900,000 small businesses and NFPs fromApril 9, 2020, to June 30, 2021.The repayment deadline for CEBA loans to qualify for partial loan forgiveness of up to 33 percent which is $20,000 has been extended from December...
Additional REsources
A Few Other Resources We’ve Created for Our Customers
CRA changed the authorization policy
Canada Revenue Agency has changed the tax payers’ authorization policy recently. Under the new rule,the tax payers have to have an online account with CRA through which they would authorize theirAccountants /Tax Preparers. Accountants /Tax Preparers can also...
Canada GST Credit Is Now Doubled
Canada GST Credit Is Now DoubledThe government of Canada has doubled the Goods and Services Tax (GST) credit for half ayear in order to diminish the impact of inflation and make life more affordable forapproximately 11 million Low-income Canadians. Canadians who...
ZERO RATED GOODS/SUPPLIES AND SERVICES
The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...
ZERO RATED GOODS/SUPPLIES AND SERVICES
The government of Canada recently proposed to make zero rated GST/HST for the followinggoods/supplies and services from December 14, 2024 to February 15, 2025: Prepared foods for restaurants and fast foods; Snacks, Candy, Chips; Bear, Wine and Alcohol; Clothings for...
Take The Next Step
To request more information or to schedule a complimentary consultation as a Next Step, please call us at (647) 853-9650 or use our contact form.