This blog outlines tax measures announced in the 2024 Federal Budget that A+M considers most relevant to our clients: Change in the capital gain inclusion rate The inclusion rate is increasing from 50 per cent to 66.67 per cent for capital gains realized on or after June 25, 2024. For individuals only, the 50 per …
The 2024 Federal Budget—Key highlights and analysis Read More »
The federal government’s new trust reporting rules and failure to comply penalties apply to most inter-vivos trusts for taxation years ending on or after December 31, 2023. In the case of trusts that no longer serve a useful purpose, some trustees may believe they can avoid these new rules by distributing all assets to beneficiaries …
New trust reporting rules apply to trusts wound up in 2023 Read More »
One of the many advantages of being a member of AGN International—a global association of independent accounting firms—is the ability to access expertise and experience the world over for our Canadian clients expanding abroad, or to assist organizations growing into our domestic market. It opens doors for the exchange of ideas, best practices, new projects …
A+M’s Shudan Zheng discusses her exchange at New Zealand firm Gilligan Sheppard Read More »
Eligible Canadians can now enjoy the benefits of the newly introduced First Home Savings Account (FHSA) to save for a home. FHSA’s are poised to become popular because these plans combine the benefits of tax-deductible contributions with tax-free qualified withdrawals. Income earned and gains realized in an FHSA are tax-free. To be eligible to open …
Everything you need to know about the First Home Savings Account Read More »
Adams + Miles LLP
Chartered Professional Accountants
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2550 Victoria Park Avenue Suite 501,
Toronto, ON M2J 5A9
T: (416) 502-2201 F: (416) 502-2210
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Mississauga, ON L4Z 3N1
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