by Lindsay Longley | Feb 22, 2023 | Current & Topical, Tax Services
On June 9, 2022, the federal Underused Housing Tax Act became effective retroactive to January 1, 2022. The Underused Housing Tax (“UHT”) is much broader than anticipated, and you may have a filing obligation if you owned residential property in Canada on December 31,...
by Lindsay Longley | Feb 14, 2023 | Current & Topical
Throughout 2022, interest rates were on the rise. Canada Revenue Agency (“CRA”) was no exception. CRA announced yet another increase in the prescribed rate effective April 1, 2023. What is the prescribed rate? The prescribed rate is set quarterly and based on the...
