Property Flipping

Property Flipping

Residential Property Flipping Rule Property flipping means that the property is held for a shorter period, sometimes with renovations carried out, with the intent to make a profit on the sale. As of January 1, 2023, there is a new tax rule for sales of homes or...
2023 Tax Updates

2023 Tax Updates

2023 CRA Tax Updates As with most years, there have been small CRA tax updates for 2023. We will give you a brief look at the changes this year including CPP contributions, Auto Deduction Rates, and TFSA’s. The basic exemption amount for 2023 remains at $3,500....
Watch for Scams

Watch for Scams

Protect yourself from Scams There are a lot of scams out there and a lot of scammers who are trying to take advantage. You should watch out for a variety of types including mail, phone calls, email & text messaging. We want to help you to recognize the signs of a...
5 changes with CRA EFILE

5 changes with CRA EFILE

EFile Changes Recently the Canada Revenue Agency (CRA) made changes to its Efile systems. Last year they implemented a 2-step verification process for having an authorized person represent you and your business. In October 2022, that same process will apply to...
Holiday Hours

Holiday Hours

2022 Holiday Hours Below are the holiday hours for our offices this year. Happy Holidays everyone and we look forward to helping you in 2023.