We’re moving
After many great years at 202-287 MacPherson Avenue (“MacPherson”), we will be moving our headquarter to 52-54 Wellesley Street East (“Wellesley”)
We look forward to welcoming you to our new space!
A concise summary of the 2025 Canadian personal tax changes, including federal tax rate cuts, capital gains updates, AMT, and CPP2 impacts
The Canada Revenue Agency (CRA) has come under renewed scrutiny following a critical 2025 report from the Auditor General of Canada. While taxpayers have long been aware of service challenges at the CRA, this report confirms systemic issues that affect every taxpayer who release on CRA contact centres or online tools for guidance.
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 {{view-more}} 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. {{view-more-end}}
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…
Introduction Canada is currently experiencing a significant demographic shift that is reshaping the landscape of wealth distribution: the inter-generational transfer…
Introduction Clients often approach us inquiring about what a business valuation entails. Their interest stems from many situations that include:…
Introduction Business owners often benchmark their businesses against a rule of thumb to identify a preliminary valuation for their business….
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…