Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017-18, 2018-19 and 2019-20. The Budget does not include any changes to Ontario’s personal or corporate income tax rates. Read More Here: Ontario Budget Commentary April 27, 2017
CPA Canada Federal Budget Commentary – March 22, 2017 The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next couple of years: attempted efficiencies, closed tax loopholes, steady deficits, and a touch of caution. Read our Federal Budget Commentary for more details.
Our team embraced the acting challenge this holiday season working with Big Time Murder Mystery productions to solve a Ho, Ho, Homicide at our holiday dinner. We always enjoy taking the time to celebrate special occasions with our valued team. We extend our best wishes this holiday season to our clients and associates for Happy New Year.
2016 PERSONAL INCOME TAX RETURN CHECKLIST As you begin to gather your information for your 2016 Personal Income Tax Return we want to ensure you have provided us with all relevant documentation and receipts so that we can help you get every tax credit and deduction available. Please take a moment to PRINT the 2016 HVGP personal tax checklist. Feel free to contact us if you have any questions.
TAX PLANNING TIPS FOR 2016 PERSONAL INCOME TAX RETURN By reading the 2016 Tax Planning Tips you can find considerations to maximize your return. Please take a few moments to read this before the close of the year and contact us for further details or to discuss whether these may apply to your tax situation.
In this Tax Tips Update you will find a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals including an overview of Documents Required to Claim a U.S. Foreign Tax Credit and Is Transferring Property to a Family Member a Taxable Transaction. This information is for educational purposes only as it is impossible to include all situations and exceptions. For questions specific to your circumstances…
The HVGP team had a busy month of April completing Personal Tax Returns for our valued clients. After weeks of sitting at our desks for long days and weekends, snacking away to keep ourselves going, we needed a night out to stretch our legs and test our cardio. Carved out into 4 partner led teams we tested our skills at Whirly ball, Dodge Ball and Lazer Tag emerging with some…
Despite failing to make good on “key election promises relating to fiscal management,” there are enough positive indicators in the budget that CPA Canada is taking a wait-and-see approach, calling it a “down payment on a long-term fiscal plan that charts a course to strengthen the Canadian economy.” Among the positive signs are efforts to close tax loopholes, reduce tax evasion and increase tax compliance. Read more: Federal Budget Commentary…
On February 25, 2016 Finance Minister Charles Sousa tabled his fourth Budget. This Ontario Budget Commentary highlights changes to personal tax credits that are being eliminated and addition of the so called “sin taxes” that are proposed. From a business perspective, although there are no changes to corporate tax rates, there are proposed reductions to certain credits. Provincial Budget Commentary 2016.
Effective December 7, 2015 the new Federal Liberal Government introduced a number of provisions to Federal Personal Tax Rates and mores. We have summarized the 2015 Personal Tax Changes and Updates and other new information you should be aware of. If you have any questions please contact us.