Setting up your CRA My Account
With the rise in cyberattacks and third-party attempts to defraud Canadian taxpayers, the Canada Revenue Agency (CRA) is emphasizing the...
US Closer Connection Rules
U.S. tax rules utilize the “Substantial Presence Test” (SPT) as a method to determine tax residency. This test counts the number...
Sending us your 2024 T1 Information
The deadline to file your 2024 T1 Income Tax Return is April 30, 2025. In continuation with our practices from...
Filing your 2024 Form 1040 – U.S. Individual Income Tax Return
The April 15, 2025, deadline to file your 2024 U.S. Form 1040 – U.S. Individual Income Tax Return is quickly...
Are your Ready for Tax Season??
The April 30, 2025 deadline to file your 2024 personal income tax return is quickly approaching. As a result of...
Deferral in Implementation of Changes to Capital Gains Inclusion Rate
The Department of Finance has announced that the Government of Canada is deferring the implementation of the proposed capital gains...
Extension of 2024 Charitable Donations Deadline
On December 30, 2024, the Department of Finance announced that the federal government intends to amend the Income Tax Act...
Preparing your 2024 T4 Information Returns
In order to facilitate the accurate preparation of your 2024 T4 information returns, we are pleased to enclose a summary...
Tax Planning Update – RRSP/TFSA
In order to assist with your 2024 and 2025 tax planning, we are pleased to provide you with the following...
Introducing our newest Partner – Michael Curridor
The Partners of Lipton LLP are excited to announce that Michael Curridor became a Partner of the Firm effective January...