Historically, trusts with no activity throughout the year and no income tax payable have not been required to file a T3 Trust return. However, commencing with taxation years ending after December 30,...
Canada Emergency Business Account (CEBA) Repayment Due January 18, 2024
Canada Emergency Business Account (CEBA) Repayment Due January 18, 2024 The Canada Emergency Business Account (CEBA) was introduced to support Canadian businesses during the challenging times brought on by the COVID-19 pandemic....
Underused Housing Tax
If you own residential property in Canada, you may be required to pay the new Underused Housing Tax (UHT) and file an annual return by April 30th or face minimum penalties of...
Canada’s New Luxury Items Tax
Select Luxury Items Tax Act, (the Act) received Royal Assent on June 23, 2022. The Act introduces a new Luxury Tax on the supply of new vehicles and aircrafts where the taxable...