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The Partners of Lipton LLP are excited to announce that Kyle Fic will become a Partner of the Firm on January 1, 2024. Kyle has a broad range of public accounting experience, including auditing publicly listed and private entities, consulting on complex accounting and...

Lipton LLP is proud to announce that Ami Khan, Hadi Ali, Blake Miller and Perzaad Talavia were successful in passing the 2023 Chartered Professional Accountants of Canada (CPA) Common Final Examination (CFE).   The CFE is the final examination that...

The CEBA was part of the Federal government’s emergency response to the Covid-19 pandemic that provided financial assistance to small business and not for profit organizations. CEBA provided partially forgivable loans of up to $60,000 from April 9, 2020, to June...

The legislation for the Underused Housing Tax (UHT) was enacted by the Federal Government on June 9, 2022, effective on January 1, 2022. The UHT is a 1% tax on the ownership of vacant or underused housing located in Canada. To avoid penalties, affected owners must now...

On March 28, 2023, Finance Minister Chrystia Freeland delivered the 2023 Federal budget. For our budget highlights, please click here. The Department of Finance has provided additional information on the tax measures proposed in the 2023 Budget. For further...

On March 23, 2023, Finance Minister Peter Bethlenfalvy delivered the province’s budget. The budget anticipates a deficit of $2.2 billion for 2022-23, a deficit of $1.3 billion for 2023-24 and a surplus of $0.2 billion for 2024-25. Although there are no new changes to...

The legislation for the Underused Housing Tax (UHT) was enacted by the Federal Government on June 9, 2022, effective on January 1, 2022. The UHT is a 1% tax on the ownership of vacant or underused housing located in Canada. Affected owners must now file a new...

The legislation for the Underused Housing Tax (UHT) was enacted by the Federal Government on June 9, 2022, effective on January 1, 2022. The UHT is a 1% tax on the ownership of vacant or underused housing located in Canada. While this tax generally applies to...

For a printable version - Click Here The April 18, 2023 deadline to file your 2022 U.S. Form 1040 – U.S. Individual Income Tax Return is quickly approaching. However, if you reside outside the U.S. on April 18, 2023, the deadline to file your 2022 U.S. Form 1040 is...

For a printable version Click Here. The May 1, 2023 deadline to file your 2022 personal income tax return is quickly approaching. As a result of changes in tax laws and the ever-increasing complexity in preparing personal tax returns, please gather your required tax...

In order to facilitate the accurate preparation of your 2022 T4 information returns, we are pleased to enclose a summary of significant taxable benefits that may apply to your employees. For further information, please click here It should be noted that, as mentioned...

The Partners of Lipton LLP are excited to announce that Wendy Papernick will become a Partner of the Firm on January 1, 2023. Wendy joined Lipton’s tax group in 2007 after spending her early career in tax with large international firms. Her practice includes...