Insights

Instead of providing a summary of 2023 tax news and updates—which can be found on the CPA Canada website—we invited our Client Service Leaders to answer the question: “If you had one piece of advice for clients as we move into 2024, what [...]

High housing prices, rising mortgage rates, and overall inflation have made it extremely challenging for many Canadians to purchase their first home, especially within more competitive markets like Toronto and Vancouver. If you or someone in your family is considering the purchase of a [...]

Below are some noteworthy news items and updates that may impact your tax and financial planning: Loans and Mortgages from Related Corporations The Department of Finance recently clarified their definition of what constitutes a loan being “in the ordinary course of the creditor’s [...]

QUESTION: Do I need to file a UHT return if I am on legal title to a property but am not the ‘real’ owner? ANSWER: Short answer? Yes. Underused Housing Tax (UHT) affects private corporations, trusts, partnerships, non-citizens, residents who are not permanent [...]