Please find attached our memo about our Whitecourt office move, effective March 4, 2024, to a new location only a few blocks directly east of our current location, located at at 4927 - 51 Ave, Whitecourt, T7S 1N5

As of January 1, 2024, tax preparers filing more than five returns of the same type need to use EFILE. Mandatory electronic filing (MEF) applies to the filing of T1 personal income tax and benefit returns, T2 Corporation income tax returns and T3 trust returns.

Beginning in taxation year 2023, issuers of T4 and T4A Slips must report whether, on December 31st of the taxation year to which the information return relates, a payee or any of their family members were eligible to access dental insurance, or dental coverage of any kind, including health spending and wellness accounts, due to their current or former employment.

This is a new Reporting that is effective for Trusts that have a year ended December 31, 2023 going forward.

Please read our 2024 Quarter 1 newsletter.

Please contact our offices if you have any questions.

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:

As the Digital and E-commerce economy becomes a larger and larger part of our lives, it is important to remember that the same information be kept for purchases made for business purposes.

From everyone here at Reschke Fritz LLP Chartered Professional Accountants, we are wishing you a Happy New Year.

Our year end tax planning newsletter