The Canada Revenue Agency (CRA) is implementing increasingly higher interest rates on overdue taxes, which poses a significant financial risk for those who might face… Read More »Important Update on Rising CRA Interest Rates
Creating a robust business plan is integral to guiding stakeholders and fostering confidence among investors, lenders, and internal teams. Entrepreneur-in-Residence at Futurpreneur Canada, Chad Fryling,… Read More »Crafting an Effective Business Plan
Partial Loan Forgiveness Deadline Extension: The deadline for repaying the outstanding balance (excluding the forgivable amount) to qualify for partial loan forgiveness has been extended… Read More »Extended Deadlines for CEBA Loan Repayment
Since 2021, we have thoroughly examined the complexities of the Underused Housing Tax (UHT) and its evolving deadlines. Notably affected by this are property owners,… Read More »Understanding Tax Developments and Planning Opportunities
Location Date Time Address Langley Thursday, February 1, 2024 7:30 a.m. – 12:00 p.m. Sandman Signature Langley Hotel, 8828 201 Street, Langley Township, BC, V2Y… Read More »Exit Planning Essentials Seminar
At MLL Accounting, providing comprehensive insights into your Tax-Free Savings Account (TFSA) contribution room is essential. Starting at the age of 18, your TFSA contribution… Read More »Optimize Your TFSA: Unveiling Growth Potential
Within the MLL Accounting domain, understanding the pivotal role of a clearing account is crucial. Let’s explore the advantages of integrating a clearing or balance… Read More »Exploring the Benefits of a Clearing Account
On September 14, 2023, the government outlined a crucial change: by January 18, 2024, any outstanding CEBA loans would convert automatically into a 3-year term… Read More »CEBA Repayment Considerations
Understanding the UHT In our view, the outlined changes in the fall economic statement suggest a potential expansion of the group of property owners exempted… Read More »Understanding Tax Changes on the Recent Government Proposal for Residential Property Owners
Key Changes in Trust Reporting The Canadian Government’s adjustments to the Income Tax Act have introduced pivotal changes for trusts from January 1, 2023. These… Read More »New Trust Reporting Guidelines in Canada
