Knowledge
Thoughts, opinions and trends – everything, all in one place.
108 result(s)
The Capital Gains Tax Rate – Talked About a Lot, But No Change….Yet
March 21, 2023 – Just to be clear, it is not the actual tax rate that would be increased but it would be the percentage of the capital gain that is included in income – currently 50% and generally accepted that, if increased, would go to 75%.
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.
Top 10 Tax Planning Tips for Business Owners
February 01, 2023 – When it comes to planning for the financial well-being of your business, there are hundreds of goals you can set, and even more ways on how to reach them. But where do you start?
Expense Reimbursements and GST/HST
January 11, 2023 – A question we regularly hear from our clients is “what is the correct way to deal with expense reimbursements from a GST/HST perspective?”
Congratulations Rita Evdokimova, Newest Partner at Welch LLP
January 03, 2023 – The partners of Welch LLP congratulate Rita Evdokimova on her promotion to Partner in the Ottawa Office on Jan 1, 2023.
New Trust Reporting and Disclosure Requirements
November 10, 2022 – The proposed new trust reporting and disclosure requirements have been a hot topic for tax advisors since they were first […]
Tax Facts and Figures – October 2022
October 31, 2022 – Tax Facts and Figures is produced by Welch LLP as an information service with the understanding that it does not render accounting, legal or other professional advice.
Not-For-Profit Annual Accounting & Tax Update 2022
October 19, 2022 – Our expert speakers explore issues related to Accounting and Tax Standards, along with other topics vital to your non-profit organization to help you prepare for the upcoming year.
Personal Services Businesses- Understanding What They Are and the Implications
September 27, 2022 – It seems that more individuals are using corporations to carry on and report their income from their consulting-type business.
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
The ‘How’ and ‘Why’ of SR&ED – A Tax Court Case
August 05, 2022 – Scientific Research & Experimental Development (SR&ED) claimants have been provided with an updated set of eligibility guidelines (as of August 13th, 2021) based on the ‘how’ and ‘why’ SR&ED is conducted.
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