Knowledge
Thoughts, opinions and trends – everything, all in one place.
36 result(s)
GST/HST Tax Holiday
January 03, 2025 – The proposed legislation received Royal Assent on December 12, 2024, just in time for the proposed start date of December 14, 2024. The holiday is set to end on February 15, 2025. The following items are subject to the tax holiday:
Family Trusts Could have an Unexpected Tax Liability for 2024
December 13, 2024 – Today we discuss a particular new AMT provision which may have a significant impact on a very common type of tax planning strategy – this type of planning is often referred as “prescribed rate loan” planning.
Contributions – Revenue Recognition and Related Matters
November 27, 2024 – In May 2024, the Accounting Standards Board (AcSB) released a Feedback Statement addressing responses to its March 2023 Exposure Draft, Contributions – Revenue Recognition and Related Matters. This project aims to enhance the consistency and clarity of financial reporting for not-for-profit organizations (NFPOs).
Welch LLP Annual Accounting and Tax Technical Update for Not For Profit 2024
November 06, 2024 – Our expert speakers explore issues related to Accounting and Tax Standards, along with other topics vital to your non-profit organization or charity to help you prepare for the upcoming year.
Welch LLP Annual Accounting and Tax Technical Update for Private Enterprises 2024
October 09, 2024 – Gain insight for the year ahead. Our virtual Private Enterprise Accounting & Tax Update webinar will take place on October 9th at 10am.
New Clean Technology Investment Tax Credit
September 12, 2024 – The CTITC is a refundable tax credit available to taxpayers that make eligible investments in clean technology property that become available for use between March 28, 2023 and December 31, 2025. The credit varies depending on a variety of factors described below but can equate to as much as 30% of the cost of qualifying assets.
2024 Québec Budget
March 13, 2024 – The Minister of Finance, Mr. Eric Girard, tabled his 2024-2025 budget plan on March 12, 2024. Here are the highlights:
Purchasing a capital asset? Consider buying it now to advance your tax savings.
September 30, 2023 – If you are considering purchasing an asset to use in your business in early 2024 you should really consider advancing that purchase to take advantage of these rules. The advantage of the advanced deduction to reduce overall taxable income in the current year and potential cash savings for those companies that would otherwise have a tax bill is clear.
Employer Health Tax in BC – Is It Affecting My Business?
September 29, 2023 – Effective January 1, 2019, BC resident employers are subject to BC EHT. If a corporation’s registered office is in BC and it does not have a PE elsewhere in Canada, it will be considered a BC resident employer and must consider the BC EHT implications.
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.
No Tax Filing Extensions Due to CRA Strike
April 19, 2023 – With recent news of the labour disruption at the Canada Revenue Agency (CRA), it is important to note that there are no extensions to Canadian tax filing deadlines planned at the moment and CRA will continue to accept all tax returns.
Congratulations Melanie Platt, Newest Partner at Welch LLP
February 08, 2023 – The Partners of Welch LLP congratulate our newest Partner Melanie Platt in the Ottawa Office. Melanie joined Welch LLP in February 2023.
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