DFK Tax Digest 2022 Issue Four
DFK Tax Digest – 2022 Issue Four Summary of Designated Immediate Expensing Property (“DIEP”) Rules – On April 19, 2021, the [...]
Start prepping for these tax items before the year ends
Source: CPA Canada - With December 31 almost around the corner, practitioners recommend putting these often-forgotten deductions and credits on your [...]
No one expected this inflationary climate to last so long
Source: CPA Canada - David-Alexandre Brassard, CPA Canada’s chief economist, looks back on some of the major developments of 2022—and how [...]
Vacant Home Tax
The Vacant Home Tax (VHT) was enacted in Toronto and Ottawa for the 2022 calendar year. The City of Hamilton approved [...]
How CPAs can help small businesses prepare for a recession
Source: CPA Canada - Accountants are well equipped to provide advice and assistance on everything from cash flow analysis to renegotiating [...]
By the decade: Financial resolutions to start thinking about
Source: CPA Canada - Whatever your age or circumstance, laying the foundation for financial goals early and regularly re-evaluating them is [...]
Underused housing tax – requirements and exemptions
Source: CPA Canada - The federal government’s new underused housing tax (UHT) may be aimed primarily at non-residents of Canada, but [...]
Want to get on the right side of debt? These pro tips can help
Source: CPA Canada - The current financial climate can make it difficult to stay ahead of your bills. But by following [...]
Tax Identifier Number for the Underused Housing Tax
Source: CPA Canada The new Underused Housing Tax (UHT) is aimed primarily at non-residents of Canada, but others may also be caught. [...]
Expert advice to help you get ahead of filing for bankruptcy
Source: CPA Canada - CPAs share advice on what to do when you think you are heading for trouble—from recognizing the [...]
Are you up to speed on the latest personal income tax changes?
Source: CPA Canada - While there are fewer new measures than in previous years, those that have been introduced are significant. [...]
Voluntary Disclosures Program: Comparing the general and limited programs
Source: CPA Canada - A number of factors need to be considered before filing a voluntary disclosures program application, including the [...]
How and when to use the CRA’s Voluntary Disclosures Program
Source: CPA Canada - When a taxpayer has made a mistake or omission on a previous return, it can make sense [...]
US Estate Tax for the Canadian Resident
Who is subject to US Estate Tax? US Citizens and US residents on their worldwide estate. Non-Resident Aliens (individuals who are [...]
2023 personal tax season: Key changes to consider
Source: CPA Canada - As T1 season approaches, find out about some important new tax measures and changes to Canada Revenue [...]
Basic facts you need to know about the Underused Housing Tax
Source: CPA Canada - Canadian citizens and residents who own residential properties should familiarize themselves with the UHT’s various provisions to [...]
DFK Tax Digest 2023 Issue One
DFK Tax Digest – 2023 Issue One Claiming Working from Home Expenses – For your 2022 personal tax filing, the Canada [...]
Observe best practices when dealing electronically with the CRA
Source: CPA Canada - As CPA Canada VP of taxation Bruce Ball explains, practitioners need to ensure their documentation is organized [...]
4 top scams currently making the rounds—and how to avoid them
Source: CPA Canada - From peddling shady investment schemes to posing as grandchildren in distress, fraudsters are always finding new ways [...]
The Underused Housing Tax
The Underused House Tax (UHT) Act received Royal Assent in June of 2022, and is retroactive to January 1, 2022. The [...]
2023 Ontario Budget
Source: Government of Ontario Highlights of the 2023 Budget: Building A Strong Ontario 2023 Ontario Budget: Building a Strong Ontario [...]
Underused Housing Tax Penalties and Interest Waived
Source: Government of Canada - To provide more time for affected owners to take necessary actions to comply, the Minister of [...]
Tax issues in cryptocurrency: an expert’s view
Source: CPA Canada - Baker Tilly Canada’s John Oakey, CPA, offers an overview of what we know—and don’t know—about the tax [...]
2023 Federal Budget
2023 Federal Budget Commentary A. Personal Measures B. Business Measures C. International Measures D. Sales and Excise Tax E. Other Measures [...]
You’ve filed your tax return, but you forgot something. Now what?
Source: CPA Canada - Forgot to claim a deduction/credit or report income? No need to worry. Here’s what to do. [...]