Archive for the ‘News’ Category

It’s Federal Budget time! On November 4, 2025, the Federal Government tabled Budget 2025, which proposed various provisions impacting individuals and businesses. Some of the items of interest include the following: Higher rate depreciation – A variety of new and extended accelerated capital cost allowance (CCA) measures would apply on capital asset acquisitions in the near future. Bare trust filings – Filings […]

A common inquiry from new clients is whether incorporation of their business should be considered.  Below provides a quick answer to that question. Download Document

It is now tax season. For your reference please download our personal 2024 tax organizer. Ensure you bring details, official receipts, and all tax slips as applicable. Download Tax Organizer 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

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

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