Author Archive

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

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. […]

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

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.

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

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

Click here to read newsletter.

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 […]

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 […]

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 […]