Some top changes affecting business taxes in 2024

Please find here an article from CRA that highlights some of their big changes to look for in 2024. The two arguably largest in the list to look out for are:

• Canada Pension Plan changes, including the new second earnings ceiling (CPP2)

• New reporting requirements for trusts (T3 Return and Schedule 15)

Please let us know with any questions you may have.

https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2023/businesses-here-are-top-changes-this-year-will-affect-business-taxes-2024.html?utm_source=businesses&utm_medium=eml