Effective May 12, 2025, CRA has started a phased in approach to transition most business correspondence to online mail as the default method of mail delivery. You will start receiving most of...
Tax relief and support for businesses affected by tariffs
On March 21, 2025, the Government of Canada announced actions to support workers and businesses affected by tariffs. To support businesses, the Canada Revenue Agency (CRA) will: Defer GST/HST remittances and corporate...
Nova Scotia to reduce HST from 15% to 14%
On October 23, 2024, the Government of Nova Scotia announced its intention to decrease the rate of Harmonized Sales Tax (HST) to 14 per cent effective April 1, 2025. Generic transitional rules...
First Home Savings Account (FHSA): A Tax-Advantaged Way to Save for Your First Home
A first home savings account (“FHSA”) is a new registered plan allowing prospective first-time home buyers, to save towards the purchase of a first home. The FHSA combines some of the beneficial...