On of February 27th, 2018, the Department of Finance released the 2018 Federal Budget which outlined that new trust reporting requirements would be set in place to assist the CRA in their collection of information and ensuring that trusts are paying their taxes appropriately.
With multiple changes happening and exceptions allotted for this new requirement, it can create confusion. Accountants that specialize in
No longer just defining lifestyle and business, digital technology has now also successfully invaded the economy. What was once originally intended for use in Internet-based services, Bitcoin and other digital currencies are now moving into mainstream markets, such as real estate. This follows after Bitcoin and other cryptocurrency investors recently enjoyed a spike in their value, and as such, gained prominence in the financial industry. Read More
The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and household consumption. The Finance Minister expects similar growth in the near-term. In addition, federal revenues increased by more than 11 per cent in 2017, largely from personal and corporate incom...
