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Builder Reassessments & GST/HST: Avoiding Costly Surprises
When it comes to GST/HST obligations, builders face some complex and often misunderstood rules in the tax system. These complexities can lead to reassessments from the Canada Revenue Agency (CRA) months or even years after a project is complete. Fortunately, these
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Growing Pains: How to Scale Your Business Without Breaking It
Business growth is exciting, and often hard-earned. Whether you’re signing new clients, entering new markets, or scaling operations, growth signals success. But if your financial operations don’t scale alongside your sales, that excitement can quickly turn into
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CRA Prescribed Interest Rate Drops to 3% on July 1: What This Means for Tax Planning
The Canada Revenue Agency (CRA) has announced that the prescribed interest rate will drop from 4% to 3% effective July 1, 2025. This marks another decrease in the prescribed rate since the large run-up from 2022—and it opens the door to new tax-saving opportunities
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CRA Shifts to Online-Only Mail for Businesses
What Business Owners Need to Know The Canada Revenue Agency (CRA) has made a significant change in how it communicates with business owners. The change applies to all new business number registrants, existing businesses registered for My Business Account program,
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From Startup to Scale: Lessons from a Billion-Dollar Entrepreneur
The 2025 edition of the Ottawa Business Journal’s Fastest Growing Companies event was more than a celebration of high-growth businesses. It was a masterclass in entrepreneurship. Hosted in partnership with GGFL Chartered Professional Accountants, the afternoon
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Kody Wilson Honoured as One of Ottawa’s Forty Under 40
A leader in tax and valuation, Kody is shaping client success, mentoring colleagues, and driving GGFL forward. GGFL is proud to share that Kody Wilson, Partner and leader of our Tax and Business Valuation Practices, has been named one of Ottawa’s Forty Under 40 for
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