Chapter 4: Tax updates This document contains instructions for updating the Canadian Payroll module for Microsoft Dynamics GP for 2024 filing requirements. This update also includes Round 1 tax updates for 2025 federal, provincial, and territorial taxes.These...
The States Reform Act also proposes a three percent federal tax on all cannabis sales and that all cannabis sales fall under the Alcohol and Tobacco Tax and Trade Bureau’s (TTB’s) control. The States Reform Act would — finally — guide the regulation of hemp-derived products throu...
2) They are going to apply a dividend tax credit. These two processes are done at both the federal and provincial levels. The first process is going to make your taxable income look larger, the second process is going to reduce the amount of taxes that you owe by a specific amount. It...
the Yukon and Northwest Territories. Prior to 2021, those betting sites could only accept parlays with three or more legs. That all changed when the federal government amended the Canadian Criminal Code, permitting single game sports betting for the first time. Those sites now accept straight bets...
The federal Liberal government is looking to hit the financials coming and going. First off, they are looking to increase the corporate income tax rate from 15% to 18% on all earnings above $1 billion. It is estimated that collectively it will cost the big banks about $1billion in profits...
Did you know that your federal tax can be reduced if you purchase solar panels for your home? It is 30 percent equal to your solar system purchase price and 10 percent for commercially used solar panels, and lastly 0 percent for residential projects. The Bottom Line Your house can reach an...
Gambling companies and land-based facilities just have to follow the federal and local income tax laws and keep everything under control. If you have any winnings at, let’s say poker, and you’re a professional player, your winnings will be a subject to tax, since they’re viewed as ...
While prior budgets had at least paid lip service to the notion of bringing down real estate prices, the new measures in Federal Budget 2023 werefocused entirelyon the demand-side of the equation. The government would not be making homes more affordable, but they would be making it just...
In 2022, 40 people became permanent residents. As of 2023, the Northwest Territories and Yukon have their own Provincial Nominee Program (PNP), while Nunavut does not. If you’d like to apply for permanent residency as an international student, you can do so through the federal Express Entry...
Canadianimmigration opportunities, with Canadian work experience, you become eligible to apply for various Canadian immigration programs, such as the Canada Experience Class (CEC) under the federal Express Entry system. Studying abroad in Canada sets you up for a brilliant career ahead. As per the ...