2024 Federal Budget Commentary
Highlights of the April 16th Federal Budget Commentary Include: A. Personal Measures An increase to the capital gains inclusion rate to 2/3, however individuals will retain the 1/2 inclusion rate …
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Personal Tax Season: Travel Log
If you claim vehicle expenses on your personal tax return, it is important to keep a mileage log. A mileage log is a record of the distance you drive for …
Read morePersonal Tax Season: Moving Expenses
If you moved to a new home in Canada for work or school, you may be able to claim some of your moving expenses as deductions on your personal income …
Read morePersonal Tax Season: Medical Expenses
If you have paid medical expenses for yourself or your dependents, you may be able to claim them on your personal tax return. However, not all medical expenses are eligible, …
Read moreIMPORTANT ANNOUNCEMENT: 2023 Bare Trust Filings
Important Announcement Regarding Bare Trusts CRA has just announced that bare trusts are exempt from trust reporting requirements for 2023. CRA stated: “To support ongoing efforts to ensure the effectiveness …
Read moreInviting us to your QuickBooks Online
As cloud-based computing has become more popular, we have had many clients switch over their accounting software to QuickBooks Online. In order to streamline the process of giving Graham Scott …
Read moreGiving us access to your My Business Account
In order to talk to the CRA on behalf of our clients, we need to get authorization from them to in order to become representatives. If you have a business, …
Read moreInternational Women’s Day 2024
Happy International Women’s Day from everyone at Graham Scott Enns LLP! This year, we would like to highlight a recent Women in the Workplace study from McKinsey which found …
Read moreGSE Attends 32nd Annual Night of Heroes
On February 22, 2024, a number of GSE firm members attended the 2024 Night of Heroes Fashion Show and Silent Auction presented by Community Living London. It was an amazing …
Read moreIt’s Here! New and Expanded T3 Trust Reporting!
New rules originally released in 2018 aimed at providing more transparency on beneficial ownership of assets now require more trusts and estates to file tax returns. The new rules are …
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