Updated | March 29, 2024
On March 29, 2024, the last working day before the April 2, 2024 fling deadline for trusts, the CRA announced that bare trusts would be exempted from the filing requirements for 2023. We will be watching for a change in legislation to enact this exemption and for the requirements for the 2024 tax year. Stay tuned….
A big congratulations to team members Audrey Wright, Conor McDiarmid, and Jordy Fawcett who successfully wrote the September, 2023 Common Final Exam (CFE) and received their CPA designations in early 2024. Audrey and Conor completed co-op terms with SSK in 2020...
On October 31, 2023 the Government of Canada announced another filing extension for 2022 Underused Housing Tax (UHT) returns. They are now due by April 30, 2024 to avoid penalties. In addition, in the November 21, 2023 Fall Economic Statement the Government of...
In January 2024, we said farewell to one of our administration team members, Sue Down. Sue started with SSK in 2008 and was integral to the administrative team. She assisted the firm in transitioning from paper to digital and streamlined archiving procedures. Sue...
New Trust Reporting Requirements Last updated – February 7, 2024 The federal government has made some significant changes to the reporting requirements for trusts in Canada that have a taxation year that ends after December 30, 2023 (i.e. December 31, 2023 or later). ...