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...
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,...
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...