Library - GGFL Chartered Accountants

CFE Exam Results

CFE Exam Results

Congratulations to GGFL’s Julia Cooke and Demi Doyle who successfully completed the CPA Common Final Examination (CFE). Completing the CFE is a major milestone on the path to becoming a Chartered Professional Accountant. GGFL is proud to support you on your career path!

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2022-2023 Tax Facts for Ontario Residents

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 interest rates, automobile amounts, personal tax brackets for salary and dividends, TFSA, CPP and EI limits, pension splitting with spouses, Workplace Safety & Insurance Board (WSIB), and clawback of Old Age Security.

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End-of-Year Tax Planning Tips

End-of-Year Tax Planning Tips

By Natalie Evans, CPA, CGA, LPA Partner, Head of Assurance, Advisory Services 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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1% Tax on Vacant and Underused Housing Approved for 2022

1% Tax on Vacant and Underused Housing Approved for 2022

By: Kody Wilson, CPA, CA, CBV Partner, Tax & Advisory Services 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 of […]

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

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

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By: Chad Saikaley, CPA, CA, TEP Partner, Head of Tax, Advisory Services If you’ve been eyeing a new Tesla Model X or perusing marinas looking for a new boat to enjoy next summer, you may need to dig a little deeper into your pockets when it’s time to sign on the dotted line. On September […]

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CRA Prescribed Rate Rising – What Does it Mean for You?

CRA Prescribed Rate Rising – What Does it Mean for You?

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By: Kody Wilson, CPA, CA, CBV Partner, Tax & Advisory Services The impact of rising interest rates by the Bank of Canada are being felt in many places, including the Canada Revenue Agency. Effective October 1st, the CRA prescribed base interest rate will be rising to 3% (currently at 2%) for the fourth quarter of […]

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Beyond the Numbers: Jenn Baldwin – Creating a Safe Haven at Interval House

Beyond the Numbers: Jenn Baldwin – Creating a Safe Haven at Interval House

THE VOLUNTEERS: This is the third in an occasional series highlighting GGFL employees who devote time to volunteering in the community. Jennifer Baldwin is Manager, Assurance and Advisory Services at GGFL and serves as the President of the Board of Directors for Interval House.  “It’s really great to be part of a community organization that […]

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How to Pay CRA Online

How to Pay CRA Online

Gone are the days of having to send your cheques to Canada Revenue Agency (CRA) by snail mail or having to go to the bank and pay in person. Paying CRA is now as easy as paying the cable bill. You can pay CRA using your online banking or the “My Payment” option on CRA’s Website.

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