Thoughts, opinions and trends – everything, all in one place.
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 […]
9 Reasons to hire a Cloud-Bookkeeper Today
April 26, 2021 – Local bookkeepers are typically recommended because of their proximity – being in the same city, they can come to your […]
CRA Guidance on Employee Home Office Expenses Deduction on 2020 T1 due to Covid-19
December 21, 2020 – On December 15, 2020, the CRA released detailed guidance on the home office expenses deduction that employees may claim on […]
Canada Emergency Rent Subsidy (CERS)
October 13, 2020 – On October 9, 2020 the federal government announced a new program to help small businesses cope with the financial burden […]
Real Estate Development: Structure Comparison
October 08, 2020 – This summary compares the attributes of structuring a real estate development project through a Corporation or a Limited Partnership.
Welch LLP Webinar: Navigating the Finance Landscape In Turbulent Times
May 05, 2020 – COVID-19 has required most companies to re-think the utilization of their office space, making a rapid shift to the work-from-home […]
Non-Resident Withholding Tax On Canadian Rental Income
January 23, 2020 – It is not surprising that many non-residents of Canada (whether it be foreign investors or Canadian emigrants) who own and […]
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