DFK Tax Digest – Spring 2021
DFK Tax Digest – Spring 2021 Budget 2021 Business Emergency Support Measures – The first federal budget since 2019 was delivered [...]
DFK Tax Digest – Summer 2021
DFK Tax Digest – Summer 2021 Doing Business in Canada? Watch Your Step – For many US companies, it’s a natural [...]
DFK Tax Digest – Fall 2021
DFK Tax Digest – Fall 2021 Hybrid Transactions – Hybrid transactions were born out of an apparent need for compromise where [...]
Are you up to date on the latest tax changes?
Source: CPA Canada - With tax season upon us, it’s a good time to review some of the main tax updates [...]
DFK Tax Digest 2022 Issue One
DFK Tax Digest – 2022 Issue One Luxury Tax Update – The 2021 Federal Budget introduced a new “Luxury Tax” on [...]
Guidance to help you stay ahead this tax season
Source: CPA Canada - Getting ready to file your personal taxes? These updates and resources will help put you on track [...]
DFK Tax Digest 2022 Issue Two
DFK Tax Digest – 2022 Issue Two Electric Vehicle Rebates for Consumers & Businesses – With the high price of gasoline, [...]
DFK Tax Digest 2022 Issue Three
DFK Tax Digest – 2022 Issue Three Changes to the Trust Reporting Rules – Old News is Still not Good News [...]
How to ensure compliance with personal services business rules
Source: CPA Canada - As the CRA continues to contact taxpayers about personal services businesses, it’s important to understand the rules. [...]
New rules for trust reporting are coming for 2023 returns
Source: CPA Canada - Tax rules announced in Budget 2018 will require more trusts to file returns and all trusts to [...]
Canada’s New Luxury Tax Comes into Effect September 1, 2022
The Luxury Tax (“LT”) is a new tax on the sale of road vehicles and aircraft where the consideration payable is [...]
Tax-Free First Home Savings Account – your questions answered
Source: CPA Canada - The federal government has released new details about a new type of registered savings plan aimed at [...]
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 [...]
Vacant Home Tax
The Vacant Home Tax (VHT) was enacted in Toronto and Ottawa for the 2022 calendar year. The City of Hamilton approved [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]