GST/HST registered dentists, pay attention!
End of administrative agreement between the Canada Revenue Agency (“CRA”) and the Canadian Dental Association Following the Supreme Court of Canada’s refusal to hear the Canada Revenue Agency’s (“CRA”) appeal of the Federal Court of Appeal’s decision in the case between the CRA and the office of dentist Dr. Kevin Davis, the CRA issuedGST/HST Notice […]
NPO: OHS financial assistance
New financial assistance for NPOs to support occupational health and safety (OHS) programs Recently launched by the CNESST, the PAOSST (Programme d’aide financière aux associations et aux organismes pour des projets de formation et d’information en santé et sécurité au travail) financial assistance program for associations and organizations for occupational health and safety training and […]
What is business valuation?
In the course of your company’s life cycle, numerous transactions involving share capital may take place. These transactions occur mainly for legal or tax reasons, or as part of a transfer of share ownership. In all cases, it becomes essential or even mandatory to carry out these transactions at the fair market value (“FMV”) of […]
Planning for the end of fiscal 2024
The end of the year is a strategic time to optimize your tax situation, whether you’re a shareholder, an employer or an individual. In this article, we discuss practical tips and essential reminders for maximizing your tax savings, avoiding the pitfalls of taxable benefits and effectively planning your financial decisions. Shareholder remuneration: Rule of thumb […]
GST/HST vacation – Work for entrepreneurs!
On November 21, 2024, the federal government announced a proposal for a temporary GST/HST vacation on certain products. The aim is to reduce Canadians’ bills for two months this winter. But it won’t reduce the workload of merchants, retailers and restaurateurs. GST-HST leave The announcement provides for a two-month GST/HST vacation from December 14, 2024 […]
Taxes – Sports associations and federations – Are you compliant?
As a sports association or federation, have you checked to see if you’re required to register for GST/HST and QST? You should! Did you know the fundamental difference in consumption taxes between a non-profit organization (NPO) and a registered charity (RCO)? Generally speaking, all NPO activities are taxable, unless a tax exemption applies. Conversely, all […]
Are you aware of your new health and safety (H&S) obligations?
The Act to modernize the occupational health and safety system, which came into force progressively on October 6, 2021, has brought many changes and new obligations in terms of workplace health and safety (OHS) management. Among the highlights, the interim regime of prevention and participation mechanisms in place since April 6, 2022 (January1, 2023 for […]
ARQ and CRA require electronic payments for amounts over $10,000
100 penalty per payment As of January 1, 2024, taxpayers (individuals, corporations, partnerships and trusts) are required to electronically remit all payments over $10,000 to the Agence du revenu du Québec (ARQ) and the Canada Revenue Agency (CRA), under penalty of $100 per payment. To avoid ARQ or CRA penalties Most Canadian banks offer a […]
Wage rises: what can we expect in 2025?
The Ordre des conseillers en ressources humaines agréés (CRHA) anticipates a slowdown in salary increases in 2025. For all sectors, the Ordre des CRHA indicates that employers plan to offer salary increases totalling 3.3% next year (including indexation of the salary structure, job seniority and merit increases). The Conseil du patronat du Québec estimates that […]
Taxes : False perceptions still circulate in the construction of new rental properties
Too often, we hear customers say, ” I thought that if I didn’t claim taxes on the construction costs of a new rental property, I wouldn’t have to self-assess taxes, or ” I’m not registered for GST/HST and QST, so self-assessment tax remittance obligations don’t apply to me “. These are false beliefs! Let’s face […]