Gus Patel

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

Capital gains inclusion rate The capital gains inclusion rate will increase from 50% to 66.67% for capital gains realized on…

4 min read
22 April 2024

K&P CPAs, a boutique licensed public accounting and valuations firm based in Toronto, Canada, is pleased to announce its adoption…

2 min read
26 February 2024

Businesses must repay their CEBA loan by January 18, 2024, to be eligible for the forgivable portion of the loan….

3 min read
15 January 2024

Certain trusts, including bare trusts, that were previously not required to file a trust return, will be required to do…

4 min read
11 January 2024

Bare trusts will be required to file a T3 Return, and report beneficial ownership information on Schedule 15. The new…

5 min read
11 January 2024

On October 19th, 2021, the Government of Ontario launched the Ontario Business Registry online service to provide businesses and not-for-profit…

4 min read
9 January 2024

The Minister of National Revenue has extended the deadline until April 30, 2024, for owners affected by the Underused Housing…

2 min read
2 November 2023

What is Toronto’s Vacant Home Tax (“VHT”)? The City of Toronto will levy Vacant Home Tax of 1% on unoccupied…

6 min read
12 October 2023

What is the Underused Housing Tax (“UHT”)? UHT is an annual federal 1% tax on the ownership of vacant or…

7 min read
2 October 2023

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.

2 min read
9 December 2020

On April 11, 2020, the 75% wage subsidy (the “subsidy” or “CEWS”) received royal assent and is now law.

4 min read
19 April 2020

One thing is for certain the impact on businesses will only worsen as the virus continues to spread – so we are recommending that our clients prepare for the worst-case scenario.

5 min read
31 March 2020