Gus Patel
Partner
CPA, CA, EET, LPA
Gus’ background in engineering and accounting provides him with a unique perspective on servicing clients in many sectors. He has extensive experience in assisting clients with: tax advisory, remuneration strategies, business succession, indirect tax, voluntary disclosure applications, and CRA tax audits. Gus co-founded KPCPA to provide his clientele with a comprehensive approach to tax, wealth management, and business planning.
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Recent Articles
Despite the prorogation, the Canada Revenue Agency (“CRA”) has stated it will continue to administer the proposed capital gains inclusion rate increase as if it were law, even though it has not received Royal Assent.
The Government of Canada has announced temporary goods and services tax / harmonized sales tax (“GST/HST”) relief on children’s clothing, toys, games, books, food and beverages.
Canadian businesses will be required reduce GST/HST to zero on a variety of qualifying products between December 14, 2024, to February 15, 2025.
Capital gains inclusion rate The capital gains inclusion rate will increase from 50% to 66.67% for capital gains realized on…
K&P CPAs, a boutique licensed public accounting and valuations firm based in Toronto, Canada, is pleased to announce its adoption…
Businesses must repay their CEBA loan by January 18, 2024, to be eligible for the forgivable portion of the loan….
Certain trusts, including bare trusts, that were previously not required to file a trust return, will be required to do…
Bare trusts will be required to file a T3 Return, and report beneficial ownership information on Schedule 15. The new…
On October 19th, 2021, the Government of Ontario launched the Ontario Business Registry online service to provide businesses and not-for-profit…
The Minister of National Revenue has extended the deadline until April 30, 2024, for owners affected by the Underused Housing…
What is Toronto’s Vacant Home Tax (“VHT”)? The City of Toronto will levy Vacant Home Tax of 1% on unoccupied…
What is the Underused Housing Tax (“UHT”)? UHT is an annual federal 1% tax on the ownership of vacant or…
The complications resulting from the COVID-19 pandemic are evolving at a rapid pace. As new information becomes available, we will continue to adapt to how we manage our business.