On November 21, 2024, the federal government announced a temporary two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) relief on groceries and “holiday essentials” to provide financial support to all Canadians, along with the Working Canadians Rebate—a one-time, tax-free $250 payment for eligible individuals who worked in 2023 and have a net income of up […]

Overview On October 30, 2024, Ontario’s Minister of Finance has delivered the 2024 Ontario Fall Economic Statement “Building Ontario for You”. This comprehensive summary highlights the key changes introduced in the Fall Economic Statement. Personal Income Tax Measures New taxpayer rebates The Ontario government introduces a refundable Personal Income Tax credit that would provide a […]

On October 23, 2024, Nova Scotia Premier Tim Houston announced the province’s plan to reduce the provincial portion of the Harmonized Sales Tax (HST) from 10% to 9%. This reduction will lower the combined HST rate from 15% to 14%, effective April 1, 2025. This marks the first change to the HST rate in Nova […]