Tax updates for ex-pats in Canada in October 2023
New reporting requirements for trusts As of December 31, 2023, trusts with residency in Canada will be required to report certain information about their assets, liabilities, income, and expenses to the Canada Revenue Agency (CRA). This information will be used to
Tax updates for property owners in Canada in October 2023
Underused Housing Tax (UHT) The UHT is a new tax that applies to residential properties in Canada that are considered to be underused. The tax is intended to discourage foreign investors from buying up properties and leaving them vacant. The UHT
Tax updates for individuals in Canada in October 2023
New Canada Dental Benefit The Canada Dental Benefit is a new program that provides financial support to eligible families with children under 12 years old who do not have access to private dental insurance. The benefit is available to families with
Business Tax Update October 2023
New reporting requirements for trusts As of December 31, 2023, trusts will be required to report certain information about their assets, liabilities, income, and expenses to the Canada Revenue Agency (CRA). This information will be used to ensure that trusts are