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Unlocking Growth: Understanding Lifetime Capital Gains Exemption (LCGE) in Canada
Introduction In the Canadian Tax landscape, the “Lifetime Capital Gains Exemption (LCGE)” stands out as a powerful tool for entrepreneurs and investors who put a great deal of effort into investing, growing and sustaining their businesses. This provision offers an Eligible individual an opportunity to shield a significant portion of capital gains from taxation when…
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Benefits of Outsourcing Accounting and Related Functions
There are several reasons why a business may choose to outsource their entire or portions of their accounting and Tax functions
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Key Tax Updates for Canadians in 2025
As we usher in 2025, several important changes to Canada’s financial landscape are set to impact taxpayers, employees, and retirees. Staying informed about these updates is crucial for effective financial planning. Here’s a concise overview: 1. Adjustments to Federal Tax Brackets To account for a 2.7% inflation rate, the federal income tax brackets for 2025…