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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...

We are pleased to share the following promotions with you: Senior Manager Jacob Adatto, Michael Curridor, Andrew Easdale Manager Tara Rashed, Anjaleen William Supervisor Jamie Borenstein, Sean Capulong, Meng Feng Senior Accountant Anojaa Loganathan, Adsaran...

On July 1, 2022, the CRA’s prescribed interest rate will increase from its current one percent rate to two percent. In some cases, planning for this increase now can provide an opportunity to split income with a spouse or common-law partner, children, grandchildren or...

On April 7, 2022, Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2022 federal budget. For budget highlights please click here. For any questions or assistance, please contact your Lipton advisor.

All corporate entities that are subject to the Corporations Information Act (Ontario) must file an Annual Return with the government of Ontario not later than 6 months after their taxation year end. This Annual Return (which is not an income tax return) includes...

On February 9, 2022, the Federal government announced it’s intention to expand the capacity limits and extend the Local Lockdown Program and Canada Worker Lockdown Benefit by one month, until March 12, 2022. To read the government's full release, click here. For more...

The May 2, 2022 deadline to file your 2021 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 information(as outlined in the...

The April 18, 2022 deadline to file your 2021 Form 1040 – U.S. Individual Income Tax Return is quickly approaching. However, if you reside outside the U.S. on April 18, 2022, the deadline to file this return is automatically extended to June 15, 2022. Please note that...