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Bill C-15: What You Need to Know About Trust Reporting for 2025

Thursday March 26, 2026

The Canada Revenue Agency has updated trust reporting requirements for the 2025 taxation year to help affected taxpayers understand any changes and their filing obligations. On November 18, 2025, the Government of Canada tabled Bill C-15, which proposes amendments to the Income Tax [...]

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2025 Personal Income Tax Updates

Tuesday February 24, 2026

The 2025 personal income tax filing deadline is April 30, 2026. The filing deadline for self-employed individuals and their spouses (including HST returns) is June 15, 2026. All outstanding income tax and HST payments are due on or before April 30, 2026. A [...]

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Why Canadian Personal Income Tax Rates Are Too High and Why Reform Is Overdue

Friday January 30, 2026

For years, Canadians—particularly high‑earning professionals and business owners—have faced some of the highest personal income tax rates in the world. In Ontario, the top marginal rate has remained above 53.5%, and most other provinces also impose top brackets exceeding 50%. Ontario’s highest tax [...]

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2025 Federal Budget Commentary by Managing Partner Kalin McDonald

Tuesday November 18, 2025

Prime Minister Mark Carney and his Cabinet have overpromised and under-delivered. Fortunately, the tyranny of past Liberal governments on entrepreneurs and small business owners seems to have ended in this most recent Federal Budget. This comes with the budget announcement that privately owned corporations will need [...]

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2025 Federal Budget: Liberal Government Outlines Economic Priorities

Monday November 10, 2025

The Liberal government, led by Prime Minister Mark Carney, tabled its first budget in the House of Commons on November 4, 2025. The budget included several notable tax measures targeting businesses, entrepreneurs, and individuals. The budget is designed to encourage investment to address the challenges in Canada to strengthen the economy and [...]

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New Year, New Laws: What Ontario HR Leaders Must Know Now

Monday November 3, 2025

As 2026 approaches, Ontario employers must prepare for continual changes to the Employment Standards Act, 2000 (ESA). Bill 149 and Bill 190 have already been enacted, and the Working for Workers Seven Act (Bill 30) is expected to take effect in a two [...]

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QuickBooks Desktop 2022 Support Ends: What You Need to Know

Wednesday October 1, 2025

As of May 31, 2025, Intuit has officially ended support for the 2022 version of QuickBooks Desktop. This follows the company’s earlier decision in April 2025 to stop selling new subscriptions for all 2022 versions, including Pro, Premier, and Payroll services to new [...]

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Ontario Government Increasing Minimum Wage

Friday August 29, 2025

Effective October 1, 2025, Ontario’s minimum wage will be increased to $17.60 per hour. This is up $0.40 from the previous rate of $17.20 per hour. This annualized wage increase is placed in effect to support workers and businesses. Under the employment standards [...]

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Understanding the Ontario Made Manufacturing Investment Tax Credit

Wednesday August 27, 2025

On May 5th, 2025, Ontario’s Provincial Government announced the expansion of the Ontario Made Manufacturing Investment Tax Credit. What is the Ontario Made Manufacturing Tax Credit? The Ontario Made Manufacturing Investment Tax Credit (OMMITC) was introduced as a part of the 2023 Budget [...]

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