On July 1, 2022, the CRA’s prescribed interest rate will increase from its current one percent rate to two percent. In some cases, planning for this increase now can provide an opportunity to split income with a spouse or common-law partner, children, grandchildren or other family members,... Read More →

On April 7, 2022, Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2022 federal budget. For budget highlights please click here. For any questions or assistance, please contact your Lipton advisor. Read More →

All corporate entities that are subject to the Corporations Information Act (Ontario) must file an Annual Return with the government of Ontario not later than 6 months after their taxation year end. This Annual Return (which is not an income tax return) includes the corporation’s legal... Read More →

On February 9, 2022, the Federal government announced it’s intention to expand the capacity limits and extend the Local Lockdown Program and Canada Worker Lockdown Benefit by one month, until March 12, 2022. To read the government’s full release, click here. For more information, please... Read More →