Understanding the Underused Housing Tax in Canada: A Guide to the Tax on Vacant Properties in Urban Areas
To prevent foreign buyers from purchasing Canadian residential properties and holding them vacant, the Canadian Federal government announced in the 2018 budget that they would implement the new Underused Housing Tax Act (UHT). And this new act is finally effective...
Top Accounting Websites for Small Business Owners: Resources for Financial Management
As a small business owner in Canada, managing your finances effectively is essential for growth and sustainability. Thankfully, there are numerous online resources specifically designed to assist you in this endeavor. Here are some of the top accounting websites that...
Meal expenses of long-haul truck drivers
Meal and beverage expenses of long-haul truck drivers are deductible at a higher rate than the 50% permitted for other transportation employees. During eligible travel periods in 2022, meal and beverage expenses are deductible at 80%. You are a long-haul truck...