Special Hours
We are open on Good Friday (April 18, 2025) normal business hours, which is 8:30 am to 5:00 pm.
We will be open the following Saturdays from 9:00 am to 3:00 pm:
- April 19, 2025
- April 26, 2025
We will be closed Friday May 2, 2025.
Capital Gains
Inclusion rate is still 50% for 2024
The capital gains inclusion rate for 2024 is still 50%. However, additional information is required to be reported to CRA.
Additional information here: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4037/capital-gains.html
Or contact our office.
Additional Filing Obligations
Underused Housing Tax (UHT)
The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused residential housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it can also apply to Canadian owners.
More information here: https://www.canada.ca/en/services/taxes/excise-taxes-duties-and-levies/underused-housing-tax.html
Or contact our office.
Trust reporting
Beginning with years ending on or after December 30, 2023 most trusts will be required to file a T3 Trust return regardless of the levels of income. Previously, trusts only were required to file a return if there was income to report.
CRA have administratively waived the filing obligations for "bare trusts" for 2023 and 2024.
More information here: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/trust-reporting-for-the-2024-tax-year.html
Or contact our office.