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Managing finances, taxes, and business paperwork can be challenging for any business owner. Reliable AOC is here to make it easier. With more than 20 years of experience, we’ve helped

Managing household finances can be a daunting task, but with the right budgeting strategies, Canadian families can achieve financial stability and growth. By understanding the essentials of household budgeting and leveraging effective tools and methods, you can take control of your finances and work towards your financial goals.

Investing can be a powerful way to build wealth over time, but it's important to understand the tax implications of your investment decisions. If you're not careful, you could end up paying more taxes to the Canada Revenue Agency (CRA) than necessary. Fortunately, there are several steps you can take to minimize your tax burden and maximize your investment income. In this blog post, we'll explore four steps you can take to get investment income without paying the CRA more taxes.

The decline in the Toronto real estate market has taken a toll on the local economy, as job losses and rising costs have made it difficult for potential buyers to secure a mortgage. Many buyers have faced a steep decline in their savings due to the economic downturn, making it difficult to purchase a home. As a result, the demand for housing in the GTA has decreased, leading to a significant drop in sales.

Toronto, one of the largest cities in Canada, is known for its diverse and thriving communities. In an effort to encourage property owners to put their empty residential properties back into use, the City of Toronto has implemented the Vacant Home Tax. This tax applies to all homes in Toronto that are unoccupied for more than six months in a year and is calculated as 1% of the property’s assessed value. To avoid paying the Vacant Home Tax, property owners must declare their property's occupancy status each year by completing a declaration form and submitting it to the City of Toronto.

The Canadian government has recently announced new trust reporting requirements that will take effect for trusts with taxation years ending on or after December 31, 2023. These changes represent a significant shift in the reporting obligations for most trusts and could potentially affect a wide range of taxpayers and their advisors. In this blog post, we will provide a comprehensive overview of the new requirements and what you need to know to get ready for them.

Small businesses play a vital role in Canada's economy and the government has been taking steps to support and grow this important sector. In December 2022, a new bill, Bill C-32, received Royal Assent that brings significant changes to the small business deduction program.

Understanding the Proposed Mandatory Disclosure Rules for Certain Tax Transactions. As countries across the world seek to ensure tax fairness and increase revenue, governments are turning their attention to tax transactions. The Canadian government is proposing new mandatory disclosure rules for certain tax transactions, in an effort to promote greater transparency and ensure that everyone pays their fair share.