GST rebate enhancement – Residential rental property
On September 14, 2023, the Department of Finance Canada announced a new measure to increase the supply of new housing on the rental market, in response to the current housing shortage. GST rebate enhancement The purpose of this legislative measure is to enhance the Goods and Services Tax (GST) rebate on residential rental property. It […]
The Canadian Digital Adoption Program (CDAP)
The Government of Canada, through Innovation, Science and Economic Development Canada, has set up the CANP to help entrepreneurs who want to grow their business by moving into the digital age. The program has two components: the Expand Your Business Online grant and the Enhance Your Company’s Technology grant. These grants range from $2,400 to […]
Artificial intelligence in your accounting
The accounting department, financial controller or bookkeeper of small and medium-sized businesses will soon be able to benefit from advances initiated in the field of artificial intelligence (AI). Routine, repetitive tasks Routine, repetitive tasks could soon be carried out by AI following programming of the required data processing specifications. In this way, data entry errors […]
Artificial intelligence in your accounting
The accounting department, financial controller or bookkeeper of small and medium-sized businesses will soon be able to benefit from advances initiated in the field of artificial intelligence (AI). Routine, repetitive tasks Routine, repetitive tasks could soon be carried out by AI following programming of the required data processing specifications. In this way, data entry errors […]
Why and how to certify financial statements?
Companies may be required by law or industry regulations to provide financial statements certified by a chartered accountant. Here are some of the most common reasons why a company in Quebec may need to have its financial statements certified: Compliance with legal requirements: Companies with a legal obligation to produce audited financial statements, such as […]
The different versions of QuickBooks, how to choose?
In a generation in which companies must evolve at breakneck speed and competition is aggressive, business leaders must ask themselves how they can do more, better and for less! You need to maximize the quality and performance of your products and services, with the least amount of manpower possible, and as a manager, you’re no doubt increasingly faced with making important decisions to meet company objectives.
Increase in specific duty on new tires
The 2023-2024 Quebec budget, presented by the Quebec Minister of Finance on March 21, 2023, announced an increase in the specific duty on new tires, to support funding for the Quebec scrap tire management program administered by RECYC-QUÉBEC. Since the introduction of this program on October1, 1999, the specific duty on new tires had remained […]
Additional period – Tax on under-utilized dwellings
As of January1, 2022, a new law has been introduced by the federal government for all owners of residential property in Canada. The Underutilized Dwelling Tax Act (“Act”) is designed to slow the escalation of the real estate market in certain regions of Canada. Canadian private corporations, most trusts, partnerships and non-profit organizations are not […]
Additional period – Tax on under-utilized dwellings
As of January1, 2022, a new law has been introduced by the federal government for all owners of residential property in Canada. The Underutilized Dwelling Tax Act (“Act”) is designed to slow the escalation of the real estate market in certain regions of Canada. Canadian private corporations, most trusts, partnerships and non-profit organizations are not […]
New obligations (REQ)
New transparency obligations for companies registered with the REQ (Registre des entreprises du Québec) New obligations to improve corporate transparency will come into force on March 31, 2023. These new measures are designed to enhance the information available to the REQ in order to improve corporate transparency, strengthen public protection and also contribute to actions […]