Employee Stock Option Deduction Changes Are Now in Effect – Impacts for Employers and Employees
Prior to July 1, 2021 paragraph 110(1)(d) of the Income Tax Act generally allowed employees to claim a 50%[1] deduction off the taxable...
The CRA has Extended Filing Deadlines for Corporations and Trusts
IMPORTANT TAX NEWS: The CRA has extended filing deadlines for corporations and trusts to SEPTEMBER 1, 2020. More details HERE.
Extended US and Canada Tax Filing Deadlines
It's been a few weeks of challenges and changes as the world adapts to COVID-19. From a tax perspective, both the US and Canadian...
Navigating Inconsistencies and Inefficiencies of the CRA (Part Two)
The CRA has not made it easy for Canadian taxpayers to navigate its often complex and convoluted processes. In Part Two of this series,...
Navigating Inconsistencies and Inefficiencies of the CRA (Part One)
There have been a number of recent articles in the media on long processing times with the CRA, CRA errors and other concerning matters...
U.S. Tax Plans of President-Elect Trump
As we all know, some politicians will say and promise anything to win your vote and get elected into office.
When it came to U.S. income tax
