TFSA: Caution with Over Contributions
September 25th, 2024
Taxpayers who contribute excess amounts to their TFSA are subject to a penalty tax of 1%/month that the […]
INSIGHTS
It’s Not Too Late to Optimize Your Real Estate Structures for EIFEL
September 24th, 2024
Middle market real estate taxpayers must assess the impact of EIFEL rules on their investment structures to avoid denied interest expenses or penalties, focusing on partnerships, non-residents with Canadian real estate, and sector-specific exemptions.
Proposed changes to the trust reporting requirements
September 23rd, 2024
Proposed legislative amendments to narrow the scope of trusts required to file a T3 return or Schedule 15.
Canada Pension Plan: Timing of Starting Payments
September 20th, 2024
Individuals can start collecting Canada Pension Plan (CPP) retirement benefits as early as age 60. However, benefits are […]
Do We Need an Audit? An Overview of Not-for-Profit Organizations and Their Financial Statement Requirements
September 18th, 2024
UPDATE: The end of the three-year transition period is coming in October 2024, after which all Ontario not-for-profit […]
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