Despite the prorogation, the Canada Revenue Agency (“CRA”) has stated it will continue to administer the proposed capital gains inclusion rate increase as if it were law, even
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January 14, 2025
Blog
The Government of Canada has announced temporary goods and services tax / harmonized sales tax (“GST/HST”) relief on children’s clothing, toys, games, books, food and bevera
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December 2, 2024
Capital gains inclusion rate The capital gains inclusion rate will increase from 50% to 66.67% for capital gains realized on...
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April 22, 2024
K&P CPAs, a boutique licensed public accounting and valuations firm based in Toronto, Canada, is pleased to announce its adoption...
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February 26, 2024
Introduction Canada is currently experiencing a significant demographic shift that is reshaping the landscape of wealth distribution: the inter-generational transfer...
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February 6, 2024
Introduction Clients often approach us inquiring about what a business valuation entails. Their interest stems from many situations that include:...
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February 6, 2024
Introduction Business owners often benchmark their businesses against a rule of thumb to identify a preliminary valuation for their business....
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February 6, 2024
Businesses must repay their CEBA loan by January 18, 2024, to be eligible for the forgivable portion of the loan....
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January 15, 2024
Certain trusts, including bare trusts, that were previously not required to file a trust return, will be required to do...
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January 11, 2024
Bare trusts will be required to file a T3 Return, and report beneficial ownership information on Schedule 15. The new...
5 min read
January 11, 2024