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Small model houses sitting on top of a calculator
September 30, 2024 Article

Building a Business Case for Affordable Housing Projects in Ontario

For construction companies considering affordable housing projects in Ontario, there are several key factors to consider when building a business case. While these projects may present unique challenges, recent government initiatives and tax incentives have created new
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Calculator and pen on financial report
September 5, 2024 Article

Planning for Death and Taxes – Incorporating Your Investments

As personal and corporate tax rates have fluctuated in recent years, incorporating investments has become an attractive option for Ontario residents holding sizeable portfolios. There are a number of potential advantages to holding investments in a company rather than
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Black graduation hat with dollar sign tag hanging off end of hat
August 20, 2024 Article

Tuition Savings Strategies for Business Owners

No matter how you slice it, paying for college or university tuition is costly. According to Statistics Canada, the average undergraduate paid $7,076 in tuition for the 2023-2024 school year. A BMO Wealth Institute study estimates that the cost of a four-year degree
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Woman checking financial figures on computer screen
July 10, 2024 Article

Authorizing GGFL as Your Representative with CRA

There is one simple, but important step business owners can take to help make their filing and on-going interactions with CRA easier and more efficient. With just a few steps, you can authorize GGFL to speak with CRA on your behalf and provide us with access to your
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BUDGET 2024 text on a small yellow piece of paper lying on top of the calculator.
April 17, 2024 Article

2024 Federal Budget Highlights & Commentary

On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 to the House of Commons. No changes were made to personal or corporate tax rates. However, the inclusion rate on taxable capital gains has been
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A cartoon scene depicting an older looking bear sitting at a wooden desk filling out a tax return form
March 28, 2024 Article

The Bare Facts on The New Bare Trust Reporting Requirements

March 2025 UPDATE: For the 2024 tax year, bare trusts are not required to file a T3 return and Schedule 15 unless the CRA makes a direct request for these filings. This is a continuation of the exemption from the trust reporting requirements that was issued for bare
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