Understanding the Proposed New Mandatory Disclosure Rules

There has been talk about new Mandatory Disclosure Rules since the budget meeting in 2021; however, 2023 might finally be the year these rules go into effect. The Canadian Income Tax Mandatory Disclosure Rules were officially introduced to Parliament on April 20, 2023 as Bill C-47. This bill requires taxpayers to disclose certain information when …

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New Anti-Flipping Rules for Residential Real Estate

The Government of Canada is tightening the rules surrounding the real estate market. New regulations, like a ban on foreign buyers and an additional vacant home tax in Toronto are becoming widespread as the Government looks to control the real estate market. Another legislation that affects real estate investors is the new anti-flipping rules that …

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Canada Dental Benefit: Who Qualifies and How to Apply

Do you have children that visit the dentist? Did you know that the Government of Canada now offers tax-free payments to help cover dental costs for eligible children? Dental costs can quickly add up, especially if you have multiple children. The Government of Canada realizes the financial burden that dental care can place on families, …

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