Nov 8, 2023 | Featured, News and Events, Trusts and Estates
Starting December 31, 2023, significant changes are being made to Canada’s reporting requirements for trusts. Here’s what you need to know about these changes and how they may affect your trust. Who needs to file One of the key changes is that more trusts... 
Sep 29, 2023 | Personal Tax and Finance, Trusts and Estates
Losing a loved one is never easy, and the legal and financial processes that follow can add to the stress of an already difficult time. As an executor of someone’s Will, you have a number of important responsibilities. Hiring an accountant to assist will save you... 
Jun 19, 2023 | Trusts and Estates
As an executor of a deceased person’s estate, you are responsible for filing any necessary estate returns with the CRA. When a person passes away, their estate becomes a separate legal entity for tax purposes. This is separate from a terminal or final return, which... 
May 16, 2023 | Trusts and Estates
If you’re responsible for administering the estate of a deceased individual, you’ll need to file a terminal tax return in their name. In this article, we discuss what a terminal return is as well as why, when and how an executor needs to file it in order to avoid... 
Mar 24, 2023 | News and Events, Personal Tax and Finance, Trusts and Estates, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners as of December 31, 2022. Owners who are obligated to file a UHT return are considered affected owners. Owners who are not... 
Mar 14, 2023 | News and Events, Personal Tax and Finance, Strata Corporations, Trusts and Estates, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners, including some short and long term rental property owners, as of December 31, 2022. For a full overview of the Underused...