Tips, Tricks and Taxes
Changes to the Capital Gains Inclusion Rate
The 2024 Federal Budget proposes the following increases to the capital gains inclusion rates effective for capital gains realized on or after June 25, 2024:
Proposed Changes to Effective Tax Rates:
Individuals*:
Federal Budget Update
On April 16, 2024, the Federal Government tabled Budget 2024, which proposed a broad array of provisions impacting many individuals and businesses.
Government Tax Update
The Federal and Ontario government recently had their fall economic statements. There were a number of updates that we want to make you aware of.
Please note that all of the changes ...
Canada Emergency Business Account (CEBA) Loan Deadline
Canada Emergency Business Account (CEBA) Reminder
- The repayment deadline for CEBA loans to qualify for...
Federal Government Updates - 09/18/2023
The Federal government has recently announced a few proposed tax changes that may be relevant to you. While the related draft legislation has not been released and there could be significant changes before the new rules become law, we wanted to provide you with an update on the information that is presently available.
Federal and Ontario Budget Update
The Federal and Ontario governments recently had their 2023 budgets tabled.
All of the items below are proposed and subject to change if/when enacted into law.
Ontario Budget
On March 23, 2023 the Ontario government tabled their 2023 budget.
The most notable tax related item was the introduction of the Ontario Made Manufacturing Investment Tax Credit. This tax credit:
- Would provide a 10 per cent refundable Corporate...