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July 10, 2024
There is one simple, but important step business owners can take to help make their filing and on-going interactions with
Eric McIntosh Champagne
Business operations
2024 Federal Budget Highlights & Commentary
April 17, 2024
On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 to the
Family office services
The Bare Facts on The New Bare Trust Reporting Requirements
March 28, 2024
BREAKING: Relief for Taxpayers as CRA Cancels Bare Trust Filing Requirements for 2023. CRA announced on March 28, 2024, that
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Medical Expense Tax Credit – Nursing Homes vs. Retirement Homes
The federal and Ontario governments have tax credits available to taxpayers, including those paid for… Read more
Private: 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… Read more
The Use of Family Trusts by Business Owners
This article provides an overview of various planning matters related to the use of a… Read more
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New Reporting Requirements For Trusts
Each tax season brings the enforcement of tax changes announced in the previous year. This… Read more
CRA Imposes Penalty for Cheques
If writing a cheque is your preferred method of paying CRA, you might want to… Read more
Applications Open for the 2024 Fastest Growing Companies Awards
GGFL is thrilled to be partnering with the Ottawa Business Journal again this year to… Read more
Changes Coming to Underused Housing Tax – List of Exemptions
As part of its Fall Economic Update, the federal government introduced several important changes to… Read more
Surplus Accounts and Foreign Affiliate Tax Traps
Canadian corporations with subsidiaries in other countries (a “foreign affiliate”) could find themselves facing a… Read more
Changes to the Alternative Minimum Tax: What Should You Expect for 2024 and Onwards?
Please note that changes to the Alternative Minimum Tax are expected to become effective in… Read more
