Knowledge
Thoughts, opinions and trends – everything, all in one place.
22 result(s)
BOMA Holiday Party
December 01, 2023 – On December 1st, 2023, a handful of our Welch Partners and staff attended the BOMA Holiday Party. It was such […]
Saving for Your First Home? Essential Advice – Open Your FHSA Now
December 01, 2023 – Let us guide you through the key features, benefits, and considerations of FHSAs, and why you should seek to initiate this account before the end of 2023.
Underused Housing Tax (UHT) Deadline Coming Soon
September 18, 2023 – The initial deadline to comply with the compliance requirements was set for April 30, 2023; however, CRA has provided a first-year transitional relief and extended the deadline to October 31, 2023.
New Underused Housing Tax (UHT)
March 20, 2023 – Effective January 1, 2022, new legislation came into effect in Canada, and with that, additional annual tax filing requirements with severe penalties for non-compliance.
New Residential Property Anti-Flipping Tax Rules
March 17, 2023 – In an effort to turn down the heat on the housing market and make homes more affordable, the Federal government has approved new legislation to implement residential “anti-flipping” tax rules. The new “anti-flipping” tax rules will apply to residential properties sold on or after January 1, 2023.
Private Enterprise Accounting and Tax Update 2022
October 06, 2022 – Gain insight for the year ahead with our Virtual Annual Private Enterprise Accounting & Tax Update Webinar.
Tax Considerations for Personal Real Estate Corporations
August 24, 2022 – In 2020, the provincial government of Ontario allowed real estate agents and brokers the ability to incorporate, Personal Real Estate Corporations (“PRECs
Capital Cost Allowance Immediate Expensing Rules
July 20, 2022 – On April 19, 2021, the Federal Budget had proposed to permit the expensing of the full cost of “eligible property” acquired on or after the Budget Day, provided the property is available for use before January 1, 2024.
Technology Risk Management – Our Welch Risk Advisory Team can help
May 04, 2021 – Over the last decade, the reduced cost and ‘ease of use’ of technology has led small and medium business and organizations to make incremental or radical changes to the way they do business. Senior management is becoming more familiar and experienced with both the opportunities and dangers present in the ever-changing world of technology.
9 Reasons to hire a Cloud-Bookkeeper Today
April 26, 2021 – Today, remote bookkeeping and cloud-based services has made it easier than ever to work with expert professionals no matter your location. Here are 9 reasons to begin working with a professional Elevate cloud-bookkeeper:
CRA Guidance on Employee Home Office Expenses Deduction on 2020 T1 due to Covid-19
December 21, 2020 – The CRA has made the home office expenses deduction available to more Canadians and simplified the way eligible employees can claim these expenses.
Canada Emergency Rent Subsidy (CERS)
October 13, 2020 – This program (Canada Emergency Rent Subsidy (CERS)) is meant to replace the previous program targeted at rent assistance (the Canada Emergency Commercial Rent Assistance (CECRA) program) which ran from April 1, 2020 to September 30, 2020.
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