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 on the 2023 Federal Budget. The budget proposes no changes to personal or […]
The Federal Government recently introduced the Underused Housing Tax Act (UHTA) and the related Underused Housing Tax Return and Election Form, UHT-2900. The UHTA differs from the Vacant Unit Tax imposed by the City of Ottawa. Even if you already filed a declaration with the City of Ottawa recently, you may be subject to the […]
Beyond the Numbers Webinar Series Collecting What’s Owed: Practical Steps to Keep The Cash Flowing Wednesday, March 8th 4:00-5:00pm EST Click here to register Businesses and consumers everywhere are navigating strong financial pressures in the form of inflation and high interest rates as well as uncertainty about the overall economy as there continues to be […]
By Anne Van Delst, CPA, CA, LPA Partner, Assurance & Advisory Services As we kick off 2023, the challenges facing construction companies keep coming. High inflation, combined with continued supply-chain disruptions, labour shortages and the continued threat of a recession are all top of mind for everyone in the industry. Can anything be done to […]
GGFL is excited to be partnering with the Ottawa Business Journal to present the 2023 Fastest Growing Companies report. This is a unique opportunity to be recognized for substantial, sustainable and profitable growth. Eligible companies are headquartered in the National Capital Region and can demonstrate significant year-over-year revenue growth over a three-year period. Applicants will […]
ALL YOU NEED TO KNOW ABOUT YOUR 2022 PERSONAL TAX FILING Each year GGFL prepares over 3,000 personal tax filings. To help us help you, please submit all of your documents to us by March 31 so that we can meet your tax filing deadline. This guide provides valuable information to help you reduce the […]
Gathering all the tax return information to send to your accountant and/or CRA can be unnecessarily time consuming and involve way too much paper. GGFL Associate Partner Jean McDonell offers these tips to make the annual chore a little less . . . well, taxing. Ask your dental professional, pharmacist or other relevant health professional […]
By Wendy Wong, CPA, CA, Senior Manager, Tax & Advisory Services 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 […]
By Wendy Wong, , CPA, CA Senior Manager, Tax & Advisory Services Vehicle expenses. It is one simple line on a tax return, but it can cause all sorts of problems if CRA decides to take a closer look. Recently, we have noticed CRA specifically targeting their reviews on car expenses claimed by a business […]
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!