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On November 4, 2021, Ontario's Finance Minister Peter Bethlenfalvy released Build Ontario: Fall Economic Update 2021. The economic statement does not change personal or corporate income tax rates, but does: Propose a new, temporary refundable staycation tax credit for...

Canadian Standard on Related Services (“CSRS”) 4200, Compilation Engagements in the CPA Canada Handbook – Assurance is effective for compiled financial information for periods ending on or after December 14, 2021. It will change the look and feel of your compiled...

We are pleased to share the following promotions, effective October 1, 2021. Supervisor Prince Dimude, Toby Lo, Fiona Wei Senior Accountant Jamie Borenstein, Chasina Chasina, Emily Chen, Justin Fu Administrative Supervisor Monika Serafin Each promotion recognizes the...

For taxation years ending on or after December 31, 2021 new reporting measures will take effect for most trusts resident in Canada or those otherwise required to file tax returns in Canada. These rules are intended to help Canada Revenue Agency assess the tax...

On April 19, 2021, Deputy Prime Minister and Finance Minister Chrystia Freeland presented the first federal budget in over two years. This budget contains various measures that include providing additional COVID-19 support to Canadian businesses, promoting clean...

Do you have paper documents that you need to scan before you can upload them to us on our Secure Portal? Microsoft Lens is the recommended app that allows you to use your phone as a scanner. Use this video tutorial to help you use the app. Happy Tax Season

With T1 Season is full swing, we have asked our clients to send us their files using Lipton's Secure File Portal. Having difficulties? This video should help you get started! Click here to view our instructional video.

On Wednesday, Prime Minister Justin Trudeau announced the federal government will extend the current rate of the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) programs through to June. Rates for the Lockdown Support program, which...

The April 30, 2021 deadline to file your 2020 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 April 15, 2021 deadline to file your 2020 U.S. Form 1040 – U.S. Individual Income Tax Return is quickly approaching. However, if you reside outside the U.S. on April 15, 2021, the deadline to file your 2020 U.S. From 1040 is automatically extended to June 15,...

As you are likely aware, Federal, Provincial and Municipal mandates have significantly limited our ability to meet in-person to collect your 2020 personal income tax information. While we recognize this as a lost opportunity to catch up with all of our valued clients,...

On Thursday, January 28, 2021, Minister of Small Business, Export Promotion and International Trade, Mary Ng, announced the launch of the Highly Affected Sectors Credit Availability Program, or HASCAP. The program will provide financial support to businesses that have...