12/29/2023
Looking ahead to 2024 – getting source deductions right from the start — Berger Cavan Group LLP For most Canadians maximizing take-home income isn’t just desirable, it’s a necessity.
Whether you’re managing a large organization, a small business, or your own income, we’re your team!
12/29/2023
Looking ahead to 2024 – getting source deductions right from the start — Berger Cavan Group LLP For most Canadians maximizing take-home income isn’t just desirable, it’s a necessity.
12/21/2023
Tax planning for year-end charitable donations — Berger Cavan Group LLP In order to claim a credit for a donation in a particular tax year, that donation must be made by the end of that calendar year.
12/20/2023
Changes to the Canada Pension Plan starting January 1, 2024 — Berger Cavan Group LLP The CPP will change from a single-tier to a two-tier contribution structure, with higher-income individuals required to make an additional CPP contribution.
12/19/2023
Planning for home office expense claims for 2023 — Berger Cavan Group LLP For 2023, the “detailed method” for claiming home office expenses will be the only method under which such costs may be deducted for tax purposes.
12/15/2023
New T4 and T4A reporting requirements for 2023 — Berger Cavan Group LLP All issuers of T4s and T4As must indicate on such information slips for 2023 whether, on December 31, 2023, a payee or any of their family members were eligible to access dental insurance, or dental coverage of any kind through their current or former employment.
12/13/2023
CRA announces indexation adjustment for 2024 personal tax amounts — Berger Cavan Group LLP Annual changes in personal income tax brackets and tax credit amounts are based on changes in the Consumer Price Index.
11/29/2023
Deadline extended for filing of underused housing tax returns for 2022 — Berger Cavan Group LLP The Canada Revenue Agency (“CRA”) recently announced that the deadline for filing such returns for the 2022 calendar year has been extended to April 30, 2024.
11/24/2023
CRA announces Canada Pension Plan contribution amounts for 2024 — Berger Cavan Group LLP Those figures include changes which will create a second level of contributions for higher income individuals.
11/21/2023
Crypto Assets and Reporting — Berger Cavan Group LLP There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin
11/17/2023
Little change in overall unemployment rate for October — Berger Cavan Group LLP That rate rose by 0.2%, from 5.5% to 5.7%, with Statistics Canada noting that the change marked the fourth increase in the unemployment rate in the past six months.