by Guy Desmarais | Apr 15, 2024 | Business Articles, Industry News
This tax season, the Canada Revenue Agency (CRA) has introduced a new identity validation option, known as the document verification service, to make it easier to register for digital services including My Account. Using a government-issued photo identification (ID),...
by Guy Desmarais | Apr 3, 2024 | Business Articles, Industry News
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax...
by Guy Desmarais | Apr 1, 2024 | Business Articles, Industry News
To support ongoing efforts to ensure the effectiveness and integrity of Canada’s tax system, the Government of Canada introduced new reporting requirements for trusts. In recognition that the new reporting requirements for bare trusts have had an unintended...
by Guy Desmarais | Mar 28, 2024 | Business Articles, Industry News
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax...
by Guy Desmarais | Mar 28, 2024 | Business Articles, Industry News
Whether the earnings you make from online platforms is your main source of income, or a small part of it, you are considered to be a platform economy participant. When it’s time to file your taxes, you must report all sources of your income, including gifts and...
by Guy Desmarais | Mar 13, 2024 | Business Articles, Industry News
Did you know that the reporting requirements for trusts have changed? Affected trusts are required to file an annual T3 Trust income tax and information return (T3 return), including a Schedule 15 (Beneficial Ownership Information of a Trust), if applicable, with the...
