Capital Cost Allowance – Important Changes and Updates

For income tax purposes, the cost of eligible property can be deducted over time by claiming Capital Cost Allowance (CCA).  Immediate Expensing of Certain Capital Assets Included in Budget 2021 was the proposal for new immediate expensing rules, allowing eligible taxpayers to immediately expense up to $1.5 million of capital asset additions amongst their associated

Capital Cost Allowance – Important Changes and Updates Read More »

Underused Housing Tax

As a part of the 2021 Federal Budget, the Government of Canada announced its intention to implement a national one percent annual tax on the value of residential real estate owned by any non-resident, non-Canadian that is considered vacant or underused. Under these new rules, every person that is, on December 31, an owner (other

Underused Housing Tax Read More »