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Update on Quebec’s Economic and Financial situation- Tax Updates 2024
Overview On November 21, 2024, Quebec’s government issued the 2024 Update on Quebec’s Economic and Financial Situation. This comprehensive summary highlights the key changes introduced in the Update. Personal Tax Measures Changes to the tax credit for career extension Effective for the 2025 taxation year, the following changes will be applied to the tax credit […]
Navigating ITIN Certification Changes: How We Can Help
December 2, 2024The IRS’s Individual Taxpayer Identification Number (ITIN) application process has recently become more challenging for Canadian taxpayers. As of September 22, 2023, Service Canada no longer embosses dry seals on certified copies of passports—a change that has led to numerous W-7 applications being rejected by the IRS. This is because the embossed seal was a […]
Mise à jour économique et financière du Québec – Automne 2024
Le 21 novembre 2024, le gouvernement du Québec a présenté sa mise à jour économique et financière pour l’automne 2024. Ce résumé souligne les principaux changements introduits dans cette mise à jour. Mesures fiscales pour les particuliers Modifications au crédit d’impôt pour la prolongation de carrière À compter de l’année d’imposition 2025, les modifications suivantes […]
Importance of Governance Structures for Family Businesses
November 25, 2024Governance structures are crucial for the long-term success and sustainability of family businesses. Unlike public companies, family enterprises face unique challenges, including the intertwining of family dynamics with business operations. Establishing robust governance structures—such as family councils, boards, and advisory committees—ensures that these businesses remain resilient, adaptable, and well-positioned for future growth. Why Governance Structures […]
