What's New

Are you someone who: If you answered “Yes” to any of the above questions, you are classified as a bare trustee. The Canadian Government has recently introduced a new reporting requirement for all trust holders or more specifically, Bare Trust holders. This new requirement enforces bare trust holders to file a T3 trust return along […]

What is it? The Underused Housing Tax is a federal tax of 1% on the ownership of vacant or underused housing. When is it due? The UHT deadline for the 2022 calendar year is April 30th, 2024. Failure to submit your UHT return by the provided date can result in fines of $5,000.00 for individuals […]

Have you been spending way too much time filing your HST/GST returns? CRA has a solution for all small business owners! To start off, what is an HST/GST return/credit? Canada’s Revenue Agency says that “The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low […]