Recent Tax Updates
We are a client-centred accounting firm that focuses on your goals. We help you make sense of financial statements, corporate & personal taxes, financial management, business valuations, estate planning, and a variety of other accounting matters. Our goal is to simplify your finances so you can focus on what matters to you – whether it’s growing your business or planning for your future.
When the Federal Government released its Fall Economic Update on November 21, 2018 it primarily focused on changes to the first year of depreciation on most capital assets.
The CPP is beening enhanced. This means that both employees and employers are required to contribute more, but, retirement, survivor, and disability pensions will also increase.
On March 19, 2019 the Honourable Bill Morneau, Minister of Finance, presented the 2019 Federal Budget, Investing in the Middle Class, to the House of Commons. No changes were made to personal or corporate tax rates, nor to the inclusion rate on taxable capital gains.