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All posts by Dana Snedden
A Guide to Your Company’s Fiscal Year
A fiscal year is an accounting period that typically lasts 12 months. It is used by businesses, nonprofits, and other organizations to track their finances. It can be used for budgeting, tax filing, and other financial planning. Whether you are a business owner or the head of a nonprofit organization, understanding your company’s fiscal year … Continue reading A Guide to Your Company’s Fiscal Year
Underused Housing Tax (UHT)
The new Underused Housing Tax (UHT) imposes a 1% annual tax on the value of residential real estate considered to be vacant or underused that is owned on December 31 of each year. The government indicated that the tax would target property owned by non-Canadians; however, the scope of filing requirements extends to many Canadian … Continue reading Underused Housing Tax (UHT)
Deadline & Contribution Limits for RRSP in 2022
March 1, 2023, is the deadline for contributing to an RRSP for the 2022 tax year. Retirement savings can challenge Canadians as they navigate various daily situations and issues. Thankfully, systems are available to assist taxpayers in building savings and making sound investments. One such system is the Registered Retirement Savings Plan (RRSP). What is … Continue reading Deadline & Contribution Limits for RRSP in 2022
