Article 1: Ontario’s 2025 Tax Cuts for Small Businesses Ontario’s Cutting Taxes on Small Businesses Act, 2025 (Bill 12) introduces two key changes:1. The Ontario small business deduction rate increases from 8.3% to 9.9%.2. The business limit for that deduction rises from $500,000 to $600,000. These amendments take effect January 1, 2026. This article explains […]
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House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
Can You Qualify for an Exception? Life Events That May Save You from CRA’s Flipping Tax Read More »
House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
What the CRA’s New House Flipping Rules Mean for You in 2025 Read More »
Facing a Canada Revenue Agency (CRA) tax audit can be intimidating, but you don’t have to manage it alone. With the right preparation and professional support, the process can become far less stressful and far more manageable. At Beganyi Professional Corporation Law Firm, we specialize in providing tailored legal expertise that simplifies audits, protects your
Navigate CRA Tax Audits with Confidence—Expert Guidance Every Step of the Way Read More »