Our Blog

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...

In order to facilitate the accurate preparation of your 2021 T4 information returns, we are pleased to enclose a summary of certain taxable benefits that may apply to your employees, including new information for 2021 filings. For further information, please click...

The federal government has announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022 to December 31, 2023, for all eligible borrowers in good standing. This extension will support short-term...

In order to assist with your 2021 and 2022 tax planning, we are pleased to provide you with the following information in connection with Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA) as follows: RRSP The maximum contribution limit for...

The Partners of Lipton LLP are excited to announce that Laura Cukier and Bram Nightingale will become Partners of the Firm on January 1, 2022. Laura graduated from The Richard Ivey School of Business at the University of Western Ontario and earned her Chartered...

Lipton LLP is proud to announce that Anojaa Loganathan, Arrani Sivapalan, Adsaran Vithiyananthan and Patrick Yan were successful in passing the 2021 Chartered Professional Accountants of Canada (CPA) Common Final Examination (CFE).   The CFE is the final examination...