2025 TAX Updates
2025 Tax Updates Personal Income Tax Changes (2025) Federal Tax Brackets: As of recent years, the tax brackets have been adjusted slightly for inflation. These brackets…
GST & HST Overview
GST & HST Overview Rates HST Rates (Current) The HST is a combined federal and provincial sales tax, applicable in certain provinces where the federal government…
Vehicles For Business
Vehicles For Business Vehicle Deduction Limits (2025) For businesses and self-employed individuals using their vehicles for work, the CRA allows certain deductions based on vehicle expenses.…
Savings and Pension Plans
Savings and Pension Plans RRSP Contribution Limits (2025) The RRSP contribution limit is based on a percentage of your previous…
Personal Income vs Incorporating
Personal Income vs Incorporating When deciding between paying personal taxes versus incorporating your business in Canada, it’s important to weigh…
Capital gains Taxation
Capital gains Taxation In Canada, capital gains tax is applied to the profit from the sale of investments or assets…
CPP ENHANCEMENT
Effective January 1st, 2024, the Canada Revenue Agency (CRA) has implemented significant changes to the Canada Pension Plan (CPP) by the with the aim…
Underused Housing Tax
Effective January 1, 2022, The Canadian Government has implemented an annual 1% tax on the value of vacant or underused residential real estate owned…