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Houses of Parliament in Ottawa at sunset
March 29, 2023 Article

2023 Federal Budget Highlights & Commentary

On March 28, 2023, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2023 to the House of Commons. Below we have summarized the key provisions of the budget. Click here to read our full analysis and commentary –
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A concept image of car maintenance costs with keys, wrench, calculator and coins on financial spreadsheet
January 10, 2023 Article

DOs and DON’Ts of Claiming Car Expenses for Business Owners

Vehicle expenses. It is one simple line on a tax return, but it can cause all sorts of problems if CRA decides to take a closer look.
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Woman checking financial figures on computer screen
January 18, 2022 Article

Simplify Tax Season Through Your CRA My Business Account

As we approach tax season, 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
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Hand plugging in electric car charger.
December 8, 2021 Article

Electric Vehicle Rebates for Consumers & Businesses Explained

With the high price of gasoline, the COP26 UN Climate Change Conference, and the recent natural disasters in BC fresh in everyone’s mind, many consumers may be considering purchasing an electric vehicle (EV). Buyers may be eligible for an incentive rebate off the
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Bound copies of financial statements
December 1, 2021 Article

Changes Coming: Compilation Engagement Reports Replacing Notice to Reader

Businesses and lenders accustomed to requesting or reviewing Notice to Reader financial statements will want to take note of an important change coming into effect later this year. Starting for periods ending on or after December 14, 2021, Notice to Reader engagements
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Illustration of hand using mobile phone to register online
November 16, 2021 Article

Spotlight on the New Ontario Business Registry Portal

The Ontario government has recently launched an online Ontario Business Registry (“OBR”) portal for businesses and not-for-profits registered, incorporated, or licensed to carry on business in Ontario. There are over 90 different online services available through
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