Tag: Deduction

The Canada Pension Plan (CPP), a cornerstone of retirement savings for working Canadians, is undergoing significant changes in 2024. In this blog post, we’ll explore these changes in detail, including the new tier system, contribution calculations, and strategies for maximizing...

Introduction: The Canadian real estate scene is abuzz with the latest updates on GST rebates for new builds, particularly targeting new purpose-built rental housing. This move promises to transform the construction industry significantly. The Federal GST Rebate on New Builds:...

1. Underused Housing Tax (UHT): Have you ever heard about why we have Underused Housing Tax act in Canada?  Our Canadian government told us that UHT is meant to target non-Canadian owners leaving their residential unit vacant and limiting the...

The trust reporting has been announced by the government for a number of years.  This new trust reporting rule was supposed to be implemented by the government in 2022, but they decided to prioritize the Underused Housing Tax Act implementation...