Navigating Tax Relief: CRA’s New Online Tool for Penalty and Interest Relief If you’ve ever found yourself staring down a CRA notice with...

Starting in January 2025, the CRA implemented a new validation process for organizations that submit information returns, such as...

General Guidance:  Corporation income tax returns (T2) must be filed no later than six months after the business' fiscal year-end. While...

What you need to know about the capital gains tax changes in 2025 Background The 2024 federal budget announced that the capital gains...

The Canadian government has announced that the Canada Revenue Agency (CRA) will continue to implement the proposed capital gains tax...

The 2024 Federal Fall Economic Update introduced several key business tax changes. One of the most significant changes is the enhancement...

GST Holiday in Canada: A Welcome Relief for Shoppers The holiday season is upon us, and this year, Canadians have an extra reason to...

Businesses who have experienced a drop in sales due to the COVID-19 may apply for a subsidy to cover part of their rent expenses. Periods...

As of June 26, 2020, businesses with less than $20,000 in payroll expenses are eligible for CEBA. The program includes owner-operated...

The Government of Canada announced today nearly $1B in support to affected businesses and communities. This initiative is implemented by...

The federal government announced an agreement in with all provinces and territories to implement the CECRA. This measure will lower rent...

Extended Deadlines for Businesses to File and Pay Taxes The Federal Government’s COVID-19 Economic Response Plan allows businesses to...

As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to...

A question that we often get asked by our business clients in the Collingwood Area is how to make a corporate tax payment to the CRA. The...

What is the best way to deduct car expenses? Our accounting firm often get asked tax questions from our clients located in Vaughan and...