The Department of Finance announced on January 31, 2025 that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirms the government’s intention that, effective for dispositions that occur on or after January 1, 2026, the inclusion rate will increase from one-half to two-thirds on capital gains…

     As a student living in a digital world, you’re probably already pretty tech savvy, but now it’s time to get tax savvy! We know filing an income tax and benefit return can feel overwhelming and confusing, but we can help. Tax savvy tip – filing your tax return every year can make your…

“In 2024, a second earnings ceiling was introduced, the Year’s Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the Year’s Maximum Pensionable Earnings (YMPE). In 2025 and every year after, the YAMPE will be approximately 14% above…

https://ceba-cuec.ca/ceba-faq/ Canada Emergency Business Account (CEBA) General I have noticed a CEBA.ca website, with information on the CEBA program, is the CEBA program affiliated with that website? No, the CEBA program is not affiliated with CEBA.ca or any other website. Loan Repayment and Forgiveness I heard that a one-year extension of the CEBA program repayment…

Tax instalments are payments you make throughout the year to cover the taxes you normally pay in one lump sum on April 30 of the following year. You pay these instalments during the year while you are earning the income, similar to how an employer deducts tax directly from each pay period. You may have…

Those who suffer from celiac disease are allowed to claim the incremental costs that are associated with purchasing gluten-free foods as a medical expense. In order to claim gluten-free food products, the person with celiac disease must have a letter from a medical practitioner that certifies that the person has the disease and needs a…

Carbon Tax Relief Fund As part of ongoing efforts to help Manitobans, the 2023 Carbon Tax Relief Fund will support approximately 700,000 Manitobans to address the negative impacts of rising winter costs.  Eligibility Manitobans over the age of 18 were Manitoba residents on December 31, 2021 Family net income of under $175,000 as per their…

Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have dental insurance, leaving many unable to visit an oral health professional to get the dental care they need. On December 1, the Government of Canada announced that applications for the…

On Sunday August, 28, 2022 our firm and family lost a great man. Our father Jim Giesbrecht, passed away at the age of 77. “James Leonard Giesbrecht was born on March 25, 1945 in the Concordia Hospital in Winnipeg, MB to parents Katharina and Henry Giesbrecht. He was brought home to a small acreage in…

The Government of Canada announced that they will provide targeted interest relief to Canadians who received COVID-related income support benefits. Once individuals have filed their 2020 income tax and benefit return, they will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022. To…