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Category: Update

GST/HST “Vacation”

Posted on 12/01/202412/01/2024 By TaxDeep No Comments on GST/HST “Vacation”

In late November of 2024, the Federal government announced a temporary exemption period from December 14, 2024, to February 15, 2025, for specific items that typically incur GST or HST. Regrettably, this decision was made without thorough consideration prior to the announcement or the introduction of legislation. The projected savings for taxpayers are minimal, while…

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Update

Quickbooks Online Increase the price again

Posted on 11/25/202412/01/2024 By TaxDeep No Comments on Quickbooks Online Increase the price again

The recent price increase is a clear indicator of Intuit’s continuous efforts to boost revenue from its widely-used accounting software, QuickBooks Online. The company has attributed this rise to various factors, including inflation and the addition of new features and improvements to the software. In today’s fiercely competitive market, businesses are consistently looking for ways…

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Bookkeeping, Update

THE EU UPDATES ITS TAX HAVENS LIST

Posted on 11/14/202411/14/2024 By TaxDeep No Comments on THE EU UPDATES ITS TAX HAVENS LIST

The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include: This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially…

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Update

How to open Liechtenstein bank account

Posted on 10/17/202410/17/2024 By TaxDeep No Comments on How to open Liechtenstein bank account

Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…

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Update

The Best Open-Source Bookkeeping Software

Posted on 10/05/202410/05/2024 By TaxDeep No Comments on The Best Open-Source Bookkeeping Software

What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…

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Update

Guide for Canadians Applying for Japan’s Digital Nomad Visa

Posted on 06/12/202406/12/2024 By TaxDeep No Comments on Guide for Canadians Applying for Japan’s Digital Nomad Visa

Qualified Canadians who love Japanese culture or wish to leave Canada can now apply for Japan’s newly introduced digital nomad visa. Following Indonesia, Portugal, Spain, and Italy, Japan has become the latest country to launch such a visa, allowing foreigners to live and work remotely with their spouses and children for six months. Earlier this…

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Update

Open banking could be coming to Canada. Here’s what you need to know

Posted on 03/28/202403/28/2024 By TaxDeep No Comments on Open banking could be coming to Canada. Here’s what you need to know

Big changes could be coming to Canada’s banking system, creating new opportunities for Canadians to control and streamline how they manage their money, but also giving rise to new cybersecurity needs. Here’s a look at what open banking, a set of financial policies adopted abroad and proposed for as soon as next year by the…

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Update

Allowable Business Investment Loss (ABIL)

Posted on 03/08/202403/08/2024 By TaxDeep No Comments on Allowable Business Investment Loss (ABIL)

A business investment loss (BIL) arises on the sale or other disposition, at a loss, of: An ABIL is equal to 50% of a taxpayer’s BIL (that is, an ABIL is equal to 50% of the ACB of the share, or the principal amount of the debt, minus any proceeds received on the disposition). The…

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Update

Is it worth get the CFA ESG?

Posted on 03/06/202403/12/2024 By TaxDeep No Comments on Is it worth get the CFA ESG?

The topic of ESG has recently become very popular, and there are numerous qualifications and certificates related to ESG. Those who are interested in ESG certificates must have come across many introductions on various platforms about ESG, sustainable development, green themes, and more. ESG is a relatively new concept, and everyone is exploring it, but…

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Update

2023 Tax Season – the key updates2023 Tax Season

Posted on 02/04/202403/05/2024 By TaxDeep No Comments on 2023 Tax Season – the key updates2023 Tax Season

Greetings during the 2023 tax season! We’d like to gently remind you of the following important update.

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Update

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Recent Posts

  • GST/HST “Vacation”
  • Quickbooks Online Increase the price again
  • THE EU UPDATES ITS TAX HAVENS LIST
  • How to open Liechtenstein bank account
  • The Best Open-Source Bookkeeping Software

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