Start Tax Season 2025 on Sound Footing
Filing a tax return is difficult as the playing field is one of constant change: the tax rules are in flux, particularly in the 2024 tax filing year, with all the uncertainty around the capital gains provisions. But in addition, taxpayers have undergone many financial and life event changes since their last T1 filings, each of which must be identified for each family member. Here’s a primer for new year conversations between advisors and clients that cuts through the noise: what matters is what you keep!2025 Acuity Conference for Distinguished Advisors in Puerto Vallarta!
We’re headed back to Puerto Vallarta November 23-26 and our official conference venue will be the Marriott Puerto Vallarta Resort & Spa. Booking details for your accommodation options are coming soon, and you don’t want to miss this opportunity to save 50% on conference tuition when you register by November 15 for Canada’s only top-tier multi-disciplinary conference for leading tax, accounting and financial services professionals.
Bitcoin Hits New Highs – Time for Some Year End Planning with Crypto Assets
Immediately following the U.S. Election, the Bitcoin hit new highs. New volatility may be in store for investors, and for those reasons it’s important to understand the tax consequences now and keep meticulous records. Here’s why this matters to Canadian investors:
Will the U.S. Election Affect Canada’s Economic Outlook?
Will the election results in the U. S. affect the Canadian economy? It’s quite possible, as the Canada-United States-Mexico Agreement is up for renegotiation and review in 2026 and the potential for expensive new tariffs has been raised. It was just last month that Canadians could expect a solid increase in real GDP growth in 2025, followed by a levelling off in the following two years. That was the projection from Canada’s Parliamentary Budget Office report. Here’s the forecast, in the absence of significant new Trumpian policies:
Understanding Terminal Losses
As the tax year draws to a close it’s important to understand what happens when a depreciable asset is disposed of. If that is less than the undepreciated capital cost, a terminal loss results. A technical tax update may be in order because some of the rules are quite interesting.
Introducing the 2025 Acuity Conference for Distinguished Advisors!
As we get ready to kick off Acuity 2024 in Montreal this weekend, we’re giving you a sneak peek of what’s in store for the 2025 Acuity Conference for Distinguished Advisors! We’re headed back to Puerto Vallarta November 23-26 and you can save 50% on tuition when you register by November 15 for Canada’s only top-tier multi-disciplinary conference for leading tax, accounting and financial services professionals.
Get Up to Speed on Year-End Tax Planning!
New Capital Gains Inclusion Rates Change the Game: are you prepared to help? Learn New Year-End Tax Planning Techniques from Our Special Guest Experts with the CE Savvy Summit, featuring live event recordings from the November 6 virtual sessions. This is an opportunity to upskill your knowledge, learn from Canada’s top experts an earn 15 CE Credits before year-end. Plus, you have an opportunity to earn your Diploma in Advanced Family Tax Compliance.
