Our year end tax planning newsletter

Please read our 2024 Quarter 4 newsletter. Please contact our offices if you have any questions.

Please read our 2024 Quarter 3 newsletter. Please contact our offices if you have any questions.

Click HERE to read our 2024 Quarter 2 newsletter. Please contact our offices if you have any questions.

On March 28, 2024, Canada Revenue Agency announced that Bare Trusts under the new rules were exempt from filing (were originally due for filing March 30, 2024). The filing requirements for the following taxation year are unknown at this time.

In May 2024, the CRA will begin issuing annual “Available Payments Summary” letters to taxpayers who have available payments on their account. Taxpayers who are signed up for e-notifications will receive an email notification of the letter. Taxpayers and their authorized representatives can view these letters through the Agency’s secure portals.

If you have not filed your GST/HST returns, any refund or rebate you are entitled to will be held until we receive your required returns. This includes your T2 corporation income tax refund if you are a corporation, and your T1 personal income tax refund if you are a sole proprietor or partnership.

Please find here our 2024 Federal Budget commentary.

Please contact our offices if you have any questions.