Uncategorized Archives | S+C Partners LLP

Skip to content

Trump’s “One Big Beautiful Bill” Signed into Law on July 4, 2025.

Monday July 21, 2025

U.S. President Trump’s “One Big Beautiful Bill” (OBBB) was signed into law on July 4th, 2025, and contains extensive tax provisions which implement Trump’s taxation and spending priorities. The legislation introduces major changes that will impact individuals, families, and businesses. What are the changes [...]

Get our insight

Carbon Rebate and Tax Changes for Small Businesses

Friday July 4, 2025

On March 15, 2025, the Government of Canada announced regulations to cease the application of the federal fuel charge. As a result, this eliminated the Canada Carbon rebate for small businesses. Canada’s Finance Minister, Francois-Philippe Champagne, announced on June 30, 2025, that if [...]

Get our insight

Ontario Implements 27-Week Long-Term Illness Leave

Wednesday June 25, 2025

The Working for Workers Six Act 2024 reforms the Employment Standards Act to include additional support to the safety and wellbeing of workers and their families. The Act includes the implementation of a 27-week long-term illness leave for employees who are unable to [...]

Get our insight

Key Updates to Employer Information Requirements

Friday May 23, 2025

Ontario's Working for Workers Act, 2023, marks a significant shift in employment standards, that introduces key updates to employer information requirements. The Working for Workers Act, 2023 The Working for Workers Act, 2023, which passed in Ontario in March 2024, is part of [...]

Get our insight

2025 Ontario Budget Announced

Friday May 16, 2025

This past Thursday, May 15, Ontario’s Minister of Finance, Peter Bethlenfalvy, announced the 2025 Provincial Budget with a plan to protect Ontario workers, businesses and jobs. Personal and Corporate Income Tax Changes Currently, the Ontario Provincial Budget does not outline any changes to [...]

Get our insight

The Alternative Minimum Tax: Understanding the CRA’s Key Changes

Wednesday May 14, 2025

The Canada Revenue Agency has announced key changes to the Alternative Minimum Tax (AMT) as a part of the 2024 Federal Budget. What is Alternative Minimum Tax (AMT)? The Alternative Minimum Tax (AMT) is an alternative method of tax calculation that ensures high-income [...]

Get our insight

Updates to the Taxation of Capital Gains

Thursday April 24, 2025

The Canada Revenue Agency (CRA) has announced several updates to the capital gain inclusion rates for this filing year. Capital Gain Inclusion Rate and Lifetime Capital Gains Exemption (LCGE) Updates On January 31, 2025, the Department of Finance announced that starting January [...]

Get our insight

2024 Personal Income Tax Updates

Friday February 28, 2025

The 2024 personal income tax filing deadline is April 30, 2025. The filing deadline for self-employed individuals and their spouses (including HST returns) is June 16, 2025 (as June 15 is a Sunday). All outstanding income tax and HST payments are due on [...]

Get our insight

What happens to a TFSA when a spouse dies?

Tuesday November 29, 2022

QUESTION: What happens to a TFSA when a spouse dies? ANSWER: In most provinces, including Ontario, there are two options if you want your spouse (or common-law partner) to inherit your tax-free savings account (TFSA): they can be named the Successor Holder, or [...]

Get our insight

Browse by Archive