Ontario will cut corporate tax rates for small businesses from 4.5% to 3.5% on the first $500,000 of active business profits effective January 1, 2018.… Read More »Ontario Cuts Corporate Tax Rates for Small Businesses
July 18th, 2017 Bill Morneau, the Finance Minister, released draft legislation, explanatory notes and a consultation paper that we have been waiting for since the 2017… Read More »Taxation for Private Companies
Ontario has announced a new 15% tax on the purchase of property located in certain parts of Ontario by non-residents. This new tax will be… Read More »New 15% Property Tax for Foreign Buyers in Ontario
As you get organized to prepare and file your taxes, you will be inundated with slips from various sources of income you generated during the… Read More »What are all these tax slips?
To help you get organized for the tax season, attached is a list of items to gather before preparing your 2016 tax returns. Feel free… Read More »Tax Filing Checklist for 2016 Return
It’s that time of the year where individuals have received their slips (should have been received by February 28th, 2017)and the RRSP deadline (March 1,… Read More »2017 Income Tax Filing Due Dates
This is the first blog post for MyCPA.ca. We will post items related to accounting, tax, business and technology that interests our clients and followers.… Read More »Welcome to MyCPA.ca blog page!