Articles by Karen
New Trust Reporting Requirements
Good afternoon: You may have already heard about the new Trust reporting requirements that have been in the news recently. You may have a trust relationship which you may not be aware of, and these trust returns are due by March 30, 2024. Please click on this link for details: https://www.canada.ca/en/revenue-agency/services/tax/trust-administrators/t3-return/new-trust-reporting-requirements-t3-filed-tax-years-ending-december-2023.html It is important that you…
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What you need to know about the Underused Housing Tax(UHT)
You may have already heard about the Underused Housing Tax that was recently announced. Please click on this link for details: https://www.canada.ca/en/services/taxes/excise-taxes-duties-and-levies/underused-housing-tax.html#1. It is important that you review this information. If you are an affected owner of a residential property in Canada on December 31, 2022 you will have to file an Underused Housing Tax return due…
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