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Friday February 17, 2023
The 2022 personal income tax filing deadline is May 1,2023. The filing deadline for self-employed individuals and their spouses (including HST returns) is June 15th. The late filing of your tax return will result in a CRA penalty of 5% of any balance [...]
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Friday February 17, 2023
The 2022 tax filing season has arrived and S+C Partners is here to help you get every tax credit and deduction that you’re entitled to. Our 2022 T1 Checklist is now available to assist you in organizing the items required to complete your [...]
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Monday February 13, 2023
The Underused Housing Tax (UHT) went into law in June 2022. The UHT affects private corporations, trusts, partnerships, non-citizens, and non-residents who own residential properties in Canada. Here are some key considerations: How is a ‘residential property’ defined for UHT purposes? Under the [...]
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Thursday January 26, 2023
If you are thinking of selling your Canadian private corporation, it’s important to carefully consider the tax implications of how the transaction is structured. (abridged and updated from a 2021 Insight) There are two primary methods of selling a Canadian private corporation: a [...]
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