In Canada, not-for-profit organizations (NFPs) and registered charities play a vital role in supporting communities. While these organizations are generally exempt from income tax on most activities, they must still comply with specific tax filing and reporting requirements to maintain their status. Understanding these obligations is essential for ensuring compliance and the continued success of […]
DO YOU NEED TO FILE A PERSONAL TAX RETURN, AND WHAT IF YOU DON’T?
In our previous post on LinkedIn, we shared that the earliest date personal tax returns can be filed is February 24, 2025. Do you need to file this return? What are the implications if personal tax returns are not filed, or filed late? Every individual who is a resident of Canada needs to file a […]
THE EVOLVING MONTH OF FEBRUARY FOR TAX PAYERS
The month of February for tax preparers is usually evolving but February 2025 has more. Here, we will discuss some of the significant changes with their implications. Capital gain inclusion rate: On January 31, 2025, the federal government announced that the change in the capital gain inclusion rate would be deferred from June 25, 2024, […]
IS YOUR 2025 FINANCIAL BUDGET IN PLACE?
Putting the customer at the core of your product development ensures relevance and resonance.
DECEMBER YEAR END? THINKING OF REPORTING REQUIREMENTS?
When everyone understands and believes in the shared goal, they are motivated to work cohesively.