tax-planning Archives

Search the full library

1 2 3 9 1 of 9
Illustration of business man on road going up to dark clouds.
July 13, 2023 Article

CRA Interest Rates: The Growing Cost of Late Tax Payments

Rising interest rates aren’t just impacting mortgage rates and other loans, they are also impacting the cost of late payments to Canada Revenue Agency (CRA). CRA reviews the interest rate they charge to late tax payments every quarter. For July 1 to September 30,
Read more

Illustration of hand giving money another hand on the first of the month.
June 13, 2023 Article

Tenants in Canada at Risk for Non-Resident Landlord Withholding Taxes

A recent ruling from the Tax Court of Canada may have significant ramifications for commercial and residential tenants and landlords on rental agreements in Canada. Under existing Canadian tax rules, tenants renting from non-resident landlords must withhold at source
Read more

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 –
Read more

Interior of empty house
March 2, 2023 Article

Guide To The Underused Housing Tax

The UHT applies to non-resident, non-Canadian owners of vacant or underused residential housing in Canada.
Read more

Family in kitchen while father tries to work from home
January 11, 2023 Article

Claiming Working from Home Expenses

For your 2022 personal tax filing, the Canada Revenue Agency has two options that will allow employees to report expenses they incurred while working from home. All eligible members of a household who worked from home can each claim working from home deductions using
Read more

Wooden block letters spelling out tax on top of Canadian money and next to calculator
November 17, 2022 Personal tax planning

2022-2023 Tax Facts for Ontario Residents

We’ve updated our Tax Facts for Ontario Residents document to include the new 2023 rates, as well as the 2022 rates. GGFL’s “go-to” Tax Facts sheet is a quick reference guide on Ontario tax rates, including corporate income, RRSP limits, prescribed
Read more

1 2 3 9 1 of 9

Let’s Connect

Reach out today to discover the
opportunities behind your numbers

Contact Us