-

Year End 2018 Agriculture Matters
United States-Mexico-Canada Agreement (USMCA) The terms of the USMCA were formally agreed to on October 1, 2018 and on November 31st, was signed by all three countries who must now work towards final ratification of the agreement. The timing of ratification is dependent on the Canadian Senate, U.S. Congress and Mexican Senate. The USMCA is…
-

Tax Alert – Enhanced CCA rates
On November 21, 2018 the Federal government proposed an increase in the rates of CCA that can be claimed in the first year for purchases of various equipment and buildings. In general, these changes greatly increase the amount of CCA that can be claimed in the first year an asset is purchased.
-

Fall 2018 Farming Matters
Dairy Farmers Investment Program (DFIP) We have seen dairy farmers begin to receive their grant money over the last few months for projects that they applied for in August 2017. With a large number of applications submitted and follow up information required for many of the approved projects, it took longer than anticipated for the…
-

Change to the Ontario Apprenticeship Training Tax Credit
Employers of apprentices that commenced an approved apprenticeship program after November 14, 2017 are required to apply for the Graduated Apprenticeship Grant for Employers (GAGE) as the incentive to employers has changed from a tax credit to a grant.
-

Bank of Canada Raises Rates
Executive Summary As expected the Bank of Canada raised its key lending rate last week by 0.25% to 1.25% – this was the fourth 0.25% increase in the last twelve months. Canadians responded with the same question: how will this affect me and my family? Canadian families pay interest on outstanding debt, and receive interest,…
-

On May 7, 2018 Ontario passed the Pay Transparency Act, 2018.
Starting 2020, an employer with 250 or more employees will be required to submit a pay transparency report. Starting 2021, an employer with 100 or more will be required to submit a pay transparency report.
-

Ontario To Revert Back to Previous Public Holiday Pay Calculation
After consultation with stakeholders, the Ontario Government announced that it will be reviewing the Public Pay portion of its Fair Workplaces, Better Jobs Act, 2017 commonly known as Bill 148. During this time and effective July 1, 2018, temporarily reinstates the Previous Public Holiday Pay formula.
-

2018 Federal Budget Commentary
We are pleased to provide you with commentary on the Canada Federal Budget released February 27, 2018
-

Review Engagement Financial Statements are Changing
Canadian Standard on Review Engagements (CSRE) 2400, Engagements to Review Historical Financial Statements was issued March 31, 2016, and is effective for reviews of annual and interim financial statements for periods ending on or after December 14, 2017.
-

Tax Alert – Revised Income Splitting Measures
Summary of the new revised income splitting measures released December 13, 2917 vs. the July 18, 2017 draft proposal.
