Recent regulatory changes in Canada require businesses using accounting and bookkeeping software—including payroll and payment services—to provide additional business information. These changes, introduced as part.

On December 30, 2024, the Federal Government proposed an extension of the 2024 charitable donation deadline from December 31, 2024, to February 28, 2025...

As of June 16, 2025, the CRA will begin sending most correspondence to existing and new business owners electronically via My Business Account.

For many businesses, the transition to paperless communication with the Canada Revenue Agency (CRA) offers convenience but can also introduce some challenges. One recurring issue has been the switch from physical HST.

The Canada Revenue Agency (CRA) has announced an extension for 2024 individual and trust tax return filings with capital gains or losses.

The Office of the Auditor General of Canada (OAG) recently released a report examining the Canada Revenue Agency's (CRA) call centre performance.

The recent announcement that Prime Minister Justin Trudeau is stepping down as Liberal Party leader and proroguing (delaying return of) Parliament until March 24, 2025, has left many legislative measures.

In response to the ongoing U.S. tariff volatility, BDC has introduced a $500 million support initiative – offering financing, advisory services, and strategic tools to help Canadian SME businesses.

QuickBooks Desktop 2022 users should upgrade to a new version for technical and security updates and consider switching software platforms for long term functionality.

Do you have remote employees working across the country? The CRA's latest shift in remote work policy may impact your payroll deductions.

If you are looking to begin or expand your exporting capabilities, the CanExport grant can provide between $10,000 and $50,000 for small and medium-sized businesses.

If you own a short-term rental property (often used with services like Airbnb or Vrbo) or provide short-term rentals of your principal residence, ensure that you are compliant...

The 2024 Fall Economic Statement (The Statement) was delivered by Government House Leader Karina Gould on December 16, 2024, following Finance Minister Chrystia Freeland's resignation...

On June 10th, 2024, the Federal government released the draft legislation detailing the changes to the capital gains inclusion rate, which is to be effective on June 25, 2024.

On January 31, 2025, the Minister of Finance and Intergovernmental Affairs announced a deferral in the implementation of the planned capital gains inclusion rate increase.

A recent cybersecurity incident involving taxpayer contact information was disclosed by the Federal Government. Individuals and businesses should remain alert and follow established cybersecurity best practices.

The Canada Revenue Agency (CRA) has announced changes to its Voluntary Disclosures Program (VDP) that will take effect on October 1, 2025. These changes reshape how taxpayers can come forward...

The implications of the 2024 Federal Budget's increase in the capital gains inclusion rate are substantial and will affect many more Canadians than originally contemplated.

The Canadian federal government introduced several legislative updates on August 12, 2024 ("the August 12th Proposals"), aimed at implementing tax measures, refining draft legislation, and making technical changes.

The recently announced U.S. tariffs have impacted many Canadian businesses, prompting the availability of various financial and informational support resources.