Non-Resident Speculation Tax: Navigating Ontario’s Property Market in 2023
Getting Started Okay, so you've probably heard about the Non-Resident Speculation Tax (NRST) in Ontario. It's a bit of a mouthful, but it's an important part of the real estate scene here. Essentially, it's a tax aimed at keeping a check
Canada Introduces Enhanced GST Rental Rebate Law: Revolutionizing Rental Units with Groundbreaking Legislation
The Affordable Housing and Groceries Act, also known as Bill C-56, took its first step toward implementation on September 21, 2023, with its introduction in the House of Commons. This legislation signals substantial changes to the Excise Tax Act, focusing
Differences between US GAAP and IFRS: Key Variances in Financial Reporting Standards Explained
Financial experts, investors and regulatory authorities frequently discuss the differences between US GAAP and IFRS. In order to give principles for financial reporting, two widely used sets of accounting standards are US GAAP (Generally Accepted Accounting Principles) and IFRS (International
