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Download Federal Budget 2024 Summary

April 17th, 2024

April 17 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. Below is our summary of the budget’s contents. Download Federal Budget 2024 Summary

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Exciting Announcement

November 30th, 2023

The partners of Connelly & Koshy are delighted to share some exceptional news that reflects the continued growth and success of our firm. We are immensely pleased to announce that Ms. Brenda Quast, CPA, CA has been admitted to the partnership. Brenda is a Chartered Professional Accountant who specializes in tax and has completed the CPA Canada’s in-depth tax program. […]

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Download Federal Budget 2023 Summary

March 29th, 2023

March 29 2023, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2023: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. Below is our summary of the budget’s contents. Download Federal Budget 2023 Summary

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Underused Housing Tax

July 19th, 2022

Under a recently passed law (called the Underused Housing Tax Act), certain residential property owners now have a new annual return filing requirement with the CRA, and in some cases a new tax payment obligation. Click here to Read Document.

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Download Federal Budget 2022 Summary

April 11th, 2022

On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. Below is our summary of the budget’s contents. Download Federal Budget 2022 Summary

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2021 Personal Tax Organizer

April 11th, 2022

It is now tax season. For your reference please download our personal 2021 tax organizer. Ensure you bring details, official receipts, and all tax slips as applicable. Download Tax Organizer 2021

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Change to Annual Ontario Filing Requirement

October 22nd, 2021

Click here to read newsletter.

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Federal Budget Commentary 2021

April 20th, 2021

On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax rates (other than a temporary measure for zero-emission technology manufacturers), nor to the inclusion rate on taxable capital gains. Some highlights […]

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Personal Tax 2020

March 17th, 2021

Dear Client: We are pleased to provide a “Personal Income Tax Organizer” form to help you compile the information necessary for preparation of your 2020 income tax return.  Please complete a separate organizer for each individual in your household (who is filing a tax return). As well, please advise us of any changes to your circumstances – for example changes […]

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CERB T4A Issues

March 3rd, 2021

You may have recently received your T4A slip relating to the Canada Emergency Response Benefit (CERB) completing your documents to file your 2020 tax return.  However, it has been noted that individuals who repaid their CERB and other benefits on or before December 31, 2020 may have received inaccurate T4A slips related to the repayments.  In certain cases these repayments have […]

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