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

Claiming Working from Home Expenses

January 2024 Update: The rules for claiming home office expenses have reverted back to pre-pandemic rules. Claiming home office expenses was a temporary measure and it ended for the 2022 tax year. For your 2022 personal tax filing, the Canada Revenue Agency has two
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Wooden block letters spelling out tax on top of Canadian money and next to calculator
November 17, 2022 Personal tax planning

2023-2024 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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Hand holding alarm clock with hands moving from the year 2022 to 2023
October 18, 2022 Article

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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Black graduation hat with dollar sign tag hanging off end of hat
September 28, 2022 Article

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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Interior of completely empty house
September 2, 2022 Article

1% Tax on Vacant and Underused Housing Approved for 2022

Earlier this summer, the government’s Underused Housing Tax Act (UHTA) received Royal Assent. The Act is retroactive to January 1, 2022 and will impact 2022 tax filings for many registered owners of properties that are considered to be vacant or underused. What Types
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blue high-end sports car
August 29, 2022 Article

New Luxury Tax Coming into Force on Planes, Boats & Automobiles

Starting September 1st, 2022, a new luxury tax will be applied to the purchase of recreational vehicles and aircraft priced at $100,000 or more, and vessels priced at $250,00 or
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