HAP Chartered Professional Accountant

Friendly reminder:

The deadline to contribute to your RRSP for the 2025 tax year is March 2, 2026.

You can now get your SIN almost instantly if you apply online and have one of the following:
💼 work permit
🎓 study permit
🪪 permanent resident card

If eligible, your application will be processed through a new automated solution, and your SIN will be available in My Service Canada Account 💻

🖱️ https://www.canada.ca/en/employment-social-development/services/sin/apply.html

Due to the potential Canada Post strike, some City documents, including property tax notices, may be delayed.

⏰ Reminder that property tax payments must still be received by July 3. Pay early to allow time for processing.

Payments can be made:
👉 Through online banking
👉 In-person at 515 West 10th Avenue
👉 At your bank or ATM

If tax payments sent by mail arrive late, a 5% penalty is applied to the unpaid balance. Canada Post postmarks are not proof of on-time payment. Courier is recommended for international payments to ensure timely receipt.

Learn more about accessing other key City services during a potential postal strike ➡️ https://bit.ly/4jf9lzq

⏳ Reminder: Today is the deadline to contribute to your RRSP for the 2024 tax year.

Making your contribution on time can help maximize tax savings and support your long-term financial goals.

Merry Christmas from all of us at HAP CPA! Thank you for your trust and support this year. Wishing you and your family a joyful holiday season and a successful New Year. We look forward to working with you in 2025!

Starting January 1, 2025, Canada’s withholding tax rate for non-residents selling taxable Canadian property will increase from 25% to 35%.

從 2025 年 1 月 1 日 起，加拿大針對 非居民 出售應稅加拿大房地產的預扣稅率將從 25% 提高至 35%。

If you’re a non-resident planning to sell property in Canada, keep these changes in mind for your tax planning.

如果您是計劃在加拿大出售房地產的非居民，請在稅務規劃中注意這些變化。

加拿大總理Justin Trudeau與新民主黨（NDP）合作，推出了一項總值63億加元的經濟援助計劃，旨在支持面對生活成本上升的加拿大人。主要措施包括：

(1) 一次性250加元補助：超過1800萬名加拿大人將有資格申請（申請者必須在2023年有工作並收入不超過15萬加元，且已提交2023年的報稅表）。
(2) 臨時免除GST：從2024年12月14日至2025年2月15日，部分商品將免除GST，包括速食、餐廳餐點、酒類、玩具、書籍、拼圖、報紙和聖誕樹等。

這項計劃旨在於經濟困難時期提供財務支援，但仍需經國會批准。
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若您需要有關此臨時免GST政策或其他相關事宜的協助，請隨時與我們聯繫。
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Prime Minister Justin Trudeau, in partnership with the NDP, has introduced a $6.3 billion affordability package to support Canadians facing rising living costs. Key measures include:

1. A one-time $250 rebate for over 18 million Canadians (You must have worked and made $150,000 or less in 2023 & filed your 2023 tax return)

2. A temporary suspension of GST from December 14, 2024 to February 15, 2025 on select items, such as grab-and-go meals, restaurant bills, alcohol, toys, books, puzzles, newspapers, and Christmas trees.

The package aims to provide financial relief during a challenging economic period and is subject to parliamentary approval.

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For clients needing assistance with this temporary GST suspension or other related matters, please feel free to contact us for support.
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