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🍁 Special Edition: CEBA Loan Repayment Update 🍁

Prime Minister Announces Extended Deadlines for CEBA Loan Repayments Key Highlights: Real-World Impact: Note to Loan Holders: Financial institutions will directly contact CEBA loan holders about these updates. Additionally, these changes are also applicable to CEBA-equivalent lending through the Regional Relief and Recovery Fund. Stay Informed & Prepared: It’s crucial for businesses to stay informed […]

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🍁The Underused Housing Tax Act (UHTA) – Key Dates and Requirements Approaching 🍁

The purpose of the UHTA  The UHTA, effective from January 1, 2022, imposes a 1% annual tax on vacant or underused residential properties not owned by Canadian citizens or permanent residents. This tax is calculated based on the property\’s assessed value or recent sale price, with the first payment due by April 30, 2024  Note:

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Getting a tax assist for post-secondary education costs

As the summer starts to wind down, both students returning to their colleges and universities and those just starting their post-secondary education must focus on the details of the upcoming school year – finding a place to live, choosing courses, and perhaps most important, arranging payment of tuition and other education-related bills. For many years

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Getting a first instalment reminder from the Canada Revenue Agency

Sometime during the month of July several thousand Canadians will receive an unexpected, unfamiliar, and probably unwelcome piece of correspondence from the Canada Revenue Agency. That correspondence will be an Instalment Reminder advising the recipient of tax payments to be made in September and December of this year. The reason such Reminders are sent during

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The CPP post-retirement benefit – deciding whether to contribute

A generation ago, retirement was an event. Typically, an individual would leave the work force completely at age 65 and begin collecting Canada Pension Plan and Old Age Security benefits along with, in many cases, a pension from an employer-sponsored registered pension plan. Much has changed in the intervening decades and one of those changes

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