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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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Guide To The Underused Housing Tax
The UHT applies to non-resident, non-Canadian owners of vacant or underused residential housing in Canada.
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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
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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
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End-of-Year Tax Planning Tips
The end of the year is rapidly approaching, which commonly brings about a time when business owners reflect on taxes. There are a few considerations that owners can contemplate to help maximize tax efficiency. Below are some immediate things you can contemplate and
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Tuition Savings Strategies for Business Owners
No matter how you slice it, paying for college or university tuition is costly. A 2018 survey of 23,000 students by MacLeans Magazine put the average annual cost of college or university at close to $20,000. For families with young children, the cost will only get
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