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OBJ and GGFL Call on Ottawa Businesses to Showcase Their Success
GGFL is excited to be partnering with the Ottawa Business Journal again this year to present the 2025 Fastest Growing Companies awards. This annual initiative recognizes private companies in the National Capital Region that have demonstrated substantial, sustainable,
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Interest Rate Cuts and Construction Growth
The recent reduction in interest rates by the Bank of Canada presents an opportunity for construction companies in Ottawa to capitalize on more favorable financing conditions. Until recently, high borrowing costs and stringent loan conditions posed significant
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2024-2025 Tax Facts for Ontario Residents
We’ve updated our Tax Facts for Ontario Residents document to include the new 2025 rates, as well as the 2024 rates. GGFL’s “go-to” Tax Facts sheet is a quick reference guide on Ontario tax rates, including corporate income, RRSP limits, prescribed interest
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Fall Economic Statement Focuses on Business Investment
Monday was a day of political drama on Parliament Hill. Despite the turmoil, the Fall Economic Statement was eventually released, bringing with it a series of tax incentives aimed at driving business investment. The Statement projects a budget deficit of $61.9 billion
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Temporary GST/HST Holiday
On December 12, 2024, the Federal Government adopted legislation to remove the GST/HST on holiday essentials, such as groceries, restaurant meals, drinks, snacks, children’s clothing and gifts from December 14, 2024, until February 15, 2025. In Ontario, the
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New Rules for Airbnb and Other Short-Term Rental Owners
Will You Be Entitled to Deduct Your Expenses in 2024? If you rent your cottage, your vacation home, your condo, your house or any other residential property for short periods of time using Airbnb or another platform, staying compliant with local regulations is more
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