Table of Contents Housing Affordability and Government Policy Initiatives Why the Old HST Rules Were Largely Ineffective What the New HST Rules Are — and How Much You Can Save Who Qualifies for the First-Time Home Buyer HST Rebate Legislative References Contact Us Housing Affordability and Government Policy Initiatives Housing affordability has become a defining economic issue in Canada, particularly for first-time home buyers in Ontario. Elevated interest rates, persistent s

This blog explores how the CRA taxes passive income earned inside a corporation, why those rules exist, and what they mean for business owners. It breaks down the mechanics of high corporate tax rates, the Refundable Dividend Tax on Hand (RDTOH), and the Small Business Deduction (SBD) grind, showing how they limit the use of corporations as tax shelters. It also highlights strategic alternatives like the TFSA, RRSP, and FHSA, which offer benefits corporate investments can’t.

Learn how Proposed capital gain rules impact individuals & corporations. Plan smarter to save taxes.

Get ready for tax season! Discover 2024 deadlines, rates, and credits to maximize your return. Contact Elkhanagry Accounting today!

This blog post will unpack the latest CRA guidelines and explain the HST implications on a sale of a Airbnb property