News

The CRA has issued its instalment reminders for the September 15, 2026 and December 15, 2026 personal tax instalments. Because of the CRA’s ongoing transition from paper mail to online mail, individual taxpayers (or their CRA representatives such as D&H Group LLP) may not receive these reminders in the mail. If you haven’t already received […]

UPDATE: The BC Government announced on Friday, September 18, that the expansion of BC Provincial Sales Tax (“PST”) on professional services, which was coming into effect October 1, 2026, has been paused until further notice.   As a result, providers of affected services should hold off collection of BC PST on their services until further […]

On November 4, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, presented Budget 2025 – Canada Strong, to the House of Commons. No changes were proposed to personal or corporate tax rates. Some highlights include the following: A. Personal Measures o Automatic tax filings for low-income Canadians to commence for the […]

December 2025 As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2025. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in […]

On July 3, 2025, the CRA began phasing out paper mail for certain individuals and transitioning them to online mail. CRA has been notifying affected individuals by way of: CRA is generally applying the transition to individuals who have an email address on file and who currently receive paper mail. The CRA has not provided […]

In May 2025, the Canada Revenue Agency (CRA) began phasing out paper mail and, by default, transitioned most business program accounts to online mail. Online mail is delivered through CRA’s portal: My Business Account. Business program accounts start with RC, RP and RT which are for corporate, payroll, and GST/HST, respectively. Important Transition Dates How […]

This newsletter will discuss two important matters for owners and operators of short-term rental properties: Short-Term Rental: Denial of Tax Deductions in Calculating Rental Income for Income Tax Purposes The 2023 Fall Economic Statement introduced the short-term rental deduction denial rules “to crack down on short-term rentals which are keeping too many homes off the market”. […]

On April 16, 2024, Chrystia Freeland (then Minister of Finance) presented Budget 2024. For a summary of tax measures announced, please refer to our newsletter dated April 17, 2024 here: https://www.dhgroup.ca/2024/04/17/2024-federal-budget-summary .  The Budget proposed to increase the capital gains inclusion rate from ½ to ⅔ for certain capital gains realized on or after June 25, 2024, which would […]

November 2024 As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2024. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in […]

FinCEN Beneficial Ownership Information Reporting  On January 1, 2024 (“effective date”), a new Beneficial Ownership Information (“BOI”) reporting obligation went into effect for any entities in the United States.  Who must file a BOI Report?  These reporting entities are required to file a report with the U.S. Treasury Department to disclose beneficial ownership information, as […]

2024 Federal budget Introduction On April 16, 2024, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2024. For a summary of tax measures announced, please refer to our newsletter dated April 17, 2024 here: https://www.dhgroup.ca/2024/04/17/2024-federal-budget-summary/.  The Budget proposes to increase the capital gains inclusion rate from ½ to ⅔ for certain capital […]

INTRODUCTION On April 16, 2024, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2024. This budget aims to increase lifetime capital gains exemption, introduce a new Canadian Entrepreneurs’ Incentive and increase the capital gains inclusion rate. It also proposes measures to help Canadians buy their first home by increasing the withdrawal limit […]