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Latest news from TZR

Tax People 2

Reminder: pay 2023 interest on income-splitting loans by January 30, 2024

If funds were lent to a family trust or directly between family members under an income-splitting arrangement, the 2023 loan interest must be paid by January 30, 2024. Failure to do so would cause...
January 1, 2024 tax changes happening to short term rentals

Tax Changes to Short-term Rentals Effective on January 1, 2024

It is important to take note that the tax changes in respect to non-compliant short-term rentals proposed in the 2023 Fall Economic Statement will take effect on January 1, 2024. In an attempt to...
Eligible CEBA loan holders in good standing will now have until January 18, 2024, to repay the loan (less the amount to be forgiven) to qualify for partial loan forgiveness.

CEBA Loan Repayment Deadline Approaching

CEBA Loan Deadline Eligible CEBA loan holders in good standing will now have until January 18, 2024, to repay the loan (less the amount to be forgiven) to qualify for partial loan forgiveness. ...
Helen New Hire

A New Year Brings New Growth

As we head into 2024, we’d like to share some exciting news which brings new growth to Truster Zweig Raithatha LLP (TZR). TZR, a leading provider of dynamic, forward-thinking tax, accounting and...
Immediate expensing benefit ending soon for CCPCs

Immediate expensing benefit ending soon for CCPCs

Canadian Controlled Private Corporations (“CCPCs”) have until December 31, 2023, to acquire property eligible for temporary immediate expensing measures.  Such measures allow eligible businesses to...
This is your last chance to for tax efficiency with capital gains.

Capital Gains Strips – Last Kick At the Can?

What is a capital gains strip? A “capital gains strip” is a strategy to extract corporate funds in a manner that is more tax-efficient than the conventional methods of drawing dividends or...

Underused Housing Tax Traps – Be Aware with Looming October 31, 2023 Filing Deadline

We list below some instances where Underused Housing Tax (“UHT”) returns would be required to be filed which may not be visible to your accountant.  If any of these apply to you, please contact your...

Underused Housing Tax Update

The CRA recently provided some welcome news regarding the Underused Housing Tax (“UHT”) administration for the 2022 taxation year. In short, CRA will waive...

Reminder – Underused Housing Tax Return Deadline is April 30, 2023

Overview of the tax Owners of residential properties situated in Canada that were owned on December 31, 2022, must determine if they are required to file Underused Housing Tax (“UHT”) returns and if...

New Name, Same Focus

We are excited to announce Vishal Raithatha has become a named partner in our firm. Going forward, we will be known as Truster Zweig Raithatha LLP. Chartered Professional Accountants.
Immediate expensing benefit ending soon for CCPCs

Immediate expensing benefit ending soon for CCPCs

Canadian Controlled Private Corporations (“CCPCs”) have until December 31, 2023, to acquire property eligible for temporary immediate expensing measures.  Such measures allow eligible businesses to...
This is your last chance to for tax efficiency with capital gains.

Capital Gains Strips – Last Kick At the Can?

What is a capital gains strip? A “capital gains strip” is a strategy to extract corporate funds in a manner that is more tax-efficient than the conventional methods of drawing dividends or...

Underused Housing Tax Traps – Be Aware with Looming October 31, 2023 Filing Deadline

We list below some instances where Underused Housing Tax (“UHT”) returns would be required to be filed which may not be visible to your accountant.  If any of these apply to you, please contact your...

Underused Housing Tax Update

The CRA recently provided some welcome news regarding the Underused Housing Tax (“UHT”) administration for the 2022 taxation year. In short, CRA will waive...

Reminder – Underused Housing Tax Return Deadline is April 30, 2023

Overview of the tax Owners of residential properties situated in Canada that were owned on December 31, 2022, must determine if they are required to file Underused Housing Tax (“UHT”) returns and if...

New Name, Same Focus

We are excited to announce Vishal Raithatha has become a named partner in our firm. Going forward, we will be known as Truster Zweig Raithatha LLP. Chartered Professional Accountants.
Tax Article

Brand New Tax Article

Our Senior Tax Partner, Perry Truster, recently wrote an article for the Canadian Tax Foundation.

We’ve launched a boutique tax firm!

As part of our ongoing commitment to support you through the delivery of exceptional business and tax advice, we recently launched a boutique tax firm called TZR TaxTM that is headed up by Perry...
Income Splitting Loans

Reminder – pay 2022 interest on income-splitting loans by January 30, 2023

If funds were lent to a family trust or directly between family members under an income-splitting arrangement, the 2022 loan interest must be paid by January 30, 2023. Failure to do so would cause...
Helen New Hire

A New Year Brings New Growth

As we head into 2024, we’d like to share some exciting news which brings new growth to Truster Zweig Raithatha LLP (TZR). TZR, a leading provider of dynamic, forward-thinking tax, accounting and...
Immediate expensing benefit ending soon for CCPCs

Immediate expensing benefit ending soon for CCPCs

Canadian Controlled Private Corporations (“CCPCs”) have until December 31, 2023, to acquire property eligible for temporary immediate expensing measures.  Such measures allow eligible businesses to...
This is your last chance to for tax efficiency with capital gains.

Capital Gains Strips – Last Kick At the Can?

What is a capital gains strip? A “capital gains strip” is a strategy to extract corporate funds in a manner that is more tax-efficient than the conventional methods of drawing dividends or...

Underused Housing Tax Traps – Be Aware with Looming October 31, 2023 Filing Deadline

We list below some instances where Underused Housing Tax (“UHT”) returns would be required to be filed which may not be visible to your accountant.  If any of these apply to you, please contact your...

Underused Housing Tax Update

The CRA recently provided some welcome news regarding the Underused Housing Tax (“UHT”) administration for the 2022 taxation year. In short, CRA will waive...

Reminder – Underused Housing Tax Return Deadline is April 30, 2023

Overview of the tax Owners of residential properties situated in Canada that were owned on December 31, 2022, must determine if they are required to file Underused Housing Tax (“UHT”) returns and if...

New Name, Same Focus

We are excited to announce Vishal Raithatha has become a named partner in our firm. Going forward, we will be known as Truster Zweig Raithatha LLP. Chartered Professional Accountants.
Tax Article

Brand New Tax Article

Our Senior Tax Partner, Perry Truster, recently wrote an article for the Canadian Tax Foundation.

We’ve launched a boutique tax firm!

As part of our ongoing commitment to support you through the delivery of exceptional business and tax advice, we recently launched a boutique tax firm called TZR TaxTM that is headed up by Perry...
Income Splitting Loans

Reminder – pay 2022 interest on income-splitting loans by January 30, 2023

If funds were lent to a family trust or directly between family members under an income-splitting arrangement, the 2022 loan interest must be paid by January 30, 2023. Failure to do so would cause...

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