Our Financial Blog

Focus LLP News and Tax Tips

Underused Housing Tax: Increased Disclosures and Taxes

Underused Housing Tax (UHT): Increased Disclosures and Taxes, UHT is a 1% federal tax intended to apply to the value of vacant or underused residential real property owned by non-resident non-Canadians. However, many Canadian individuals and other entities are also...

read more

Employee Gifts and Parking: Updated CRA Policies

Employee Gifts and Parking: Updated CRA Policies. CRA updated several administrative policies in respect of employment benefits, effective January 1, 2022. Two of the key changes relate to employee gifts and parking. These updates were released in late 2022. Gifts,...

read more

2023 Vehicle Allowance Rates

2023 CRA Vehicle Allowance Rates, If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle allowance rates for 2023 have increased by $0.07 per km. The rates for 2023 are 68 cents per kilometer for the first 5,000 kilometres...

read more

Contact Us

To arrange a no-obligation meeting to discuss your accounting service needs

(403) 509-3290

530, 10333 Southport Rd SW, Calgary, AB T2W 3X6

M-F: 8am-4:30pm, S-S: Closed