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NEW. The Canada Dental Care Program helps pay for a wide range of dental services. You may be eligible if you are under 18 years old, over 65 years old or have the Disability Tax Credit. The amount of coverage is dependent on family income. Click 
here for more information.
The percentage of capital gains included in income is changing from 50% to 66% on June 25, 2024.
For individuals, the first $250,000 of capital gain income will continue to be included in income at a rate of 50%. Beyond the $250,000, the rate will be 66%. For corporations, the income inclusion rate will be 66% on the full capital gain.
Sales need to happen on or before June 24, 2024 to qualify for the old rate of 50%. Please contact us if you have questions, or click here to view CRA's website.
Invest up to $40,000 into an FHSA to save for a down payment on a home.
CRA has announced new filing requirements for Bare Trusts starting December 31, 2023. Please click here for more details.
UPDATE OCT9/24 - Bare trusts are exempt from filing requirements for 2023 and 2024.
The Underused Housing Tax (UHT) is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners. UHT returns are due by April 30 each year with significant penalties for late filing even if there is no tax owing. *For the 2022 tax year, CRA has extended the filing deadline to April 30, 2024.*
OCT9/24 UPDATE - The Canadian government has made changes to filing requirements for 2023 and future years. These changes reduce filing requirements for corporations and partnerships.
Please refer to CRA’s site for more information.
CRA’s site for more information.Contact Us
phone: 780 928 3277
email: FAL96@telusplanet.net
address: Box 330
10013-101 Ave
La Crete AB T0H 2H0