What You Need to Know About the New Underused Housing Tax (UHT)
By Karim Adatia CPA, CMA | Tax Consultant. The Underused Housing Tax Act (UHTA) became federal law in June 2022. This new legislation targets ownership of vacant or underused housing in Canada by requiring certain owners…
Federal Budget 2022
By Kevin Walsh. On April 7, Finance Minister Chrystia Freeland delivered her budget (“Budget 2022”) to the House of Commons. Overall, Budget 2022 doesn’t offer too many surprises. In fact, the biggest surprise is what isn’t…
What the Employer Health Tax Means for Your Business
By Jeff Brocklebank. On January 1, the new Employer Health Tax (EHT) took effect in B.C. for construction companies and other businesses. The provincial government introduced this payroll tax in late 2018 through Bill 44, the…
COST IMPACT OF TAX CHANGES
In each of 2015, 2016, 2017 and 2018, the federal government passed complex amendments to the Income Tax Act. The policy underlying these changes was the notion that private corporations were enjoying unintended tax benefits that…
BRITISH COLUMBIA EMPLOYER HEALTH TAX
By Jeff Brocklebank. On October 16th, 2018, Bill 44 regarding Employer Health Tax (“EHT”) was introduced in the British Columbia legislature. The purpose of EHT is to help offset lost revenues by BC’s elimination of the…
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