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The Ultimate Tax Guide for a New Immigrant in Canada

The Ultimate Tax Guide for a New Immigrant in Canada

Firstly, welcome to Canada and beautiful British Columbia! Each Canadian immigrant, also known as a newcomer, has unique challenges to overcome before they permanently relocate and reside in Canada. Some of these new challenges can be confusing, especially if it’s...

New Trust Reporting Rules for T3 Filing Requirement

New Trust Reporting Rules for T3 Filing Requirement

Under the current rules, a trust resident in Canada is generally not required to file an annual T3 income tax return unless the tax is payable by the trust for the year or the trust disposes of capital property. Under the new tax rules, for tax year December 31, 2022,...

Announcement of the BC Recovery Benefit

Provincial Government Announces Application Process for the BC Recovery Benefit December 16, 2020 On Tuesday, December 8th the provincial government announced the finalized details of the BC Recovery Benefit. This benefit is a one-time, tax free payment of up to...

Announcement of the Canadian Emergency Rent Subsidy

Federal Government Announces CERS: A New, Targeted Support To Help Businesses Through The Pandemic November 30, 2020 The recently introduced Canada Emergency Rent Subsidy (CERS) will provide rent and mortgage support to small Canadian businesses who have seen a drop...

CRA Economic Response Plan

COVID-19 Update: CRA Economic Response Plan March 19, 2020 Yesterday morning, Prime Minister Trudeau announced the federal government is prepared to spend $27 billion on direct financial help and will provide businesses with $55 billion in liquidity, mainly through...