Our Blog

Ontario Budget 2026 – Highlights

Ontario’s Finance Minister released the 2026 Ontario Budget on March 26, 2026. The budget introduces several tax changes that may affect business owners, investors, and individuals over the next two years. Below is a summary of the most relevant measures. Business Tax...

Introducing Lipton Sugar Inc.

We are pleased to announce that earlier this year, we launched Lipton Sugar Inc., (Lipton Sugar) as our exclusive U.S. income tax practice. Lipton Sugar is led by Jeff Sugar, CPA, CA (Ontario), CPA (Illinois), who brings more than three decades of taxation experience,...

Tax Planning: U.S. 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 of days that an individual is physically present in the U.S. over a three-year period. For 2025, the SPT formula is calculated as the...

Congratulations to our 2019 CFE Graduates

Lipton LLP is proud to announce that all four of our writers; Chasina Chasina, Prince Dimude, Jessie Fu and Justin Fu were successful in passing the 2019 Chartered Professional Accountants of Canada (CPA) Common Final Examination (CFE).        ...

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New Partner Announcement – Brandon Burtnik

The Partners of Lipton LLP are excited to announce that Brandon Burtnik has been promoted to Partner effective January 1, 2020. A homegrown success story, Brandon has spent his entire professional career at Lipton. Brandon excels at providing advice to clients,...

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Federal Budget Commentary 2019

Finance Minister Bill Morneau's March 19, 2019 Federal Budget message was that, thanks to the Federal Government's investments over the past three years, things are going well, especially for the middle class: more Canadians have full-time jobs, unemployment is at...

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Are you ready for Tax Time?

The April 30, 2019 deadline to file your 2018 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...

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Filing Your 2018 US Tax Returns

The 2018 U.S. tax return for an individual; Form 1040 is due on April 15th, 2019. However, if a U.S. tax person is out of the U.S. on April 15th, the filing due date is automatically extended to June 17th. The extension allowed is for the filing of the tax return but...

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2018 T4 Information

In order to facilitate the accurate preparation of your 2018 T4 information returns, we are pleased to enclose a summary of significant taxable benefits that may apply to your employees. Click Here to view the Summary  It should be noted that, as mentioned last year,...

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Tax Planning Update – RRSP/TFSA

Tax Planning Update - RRSP/TFSA   In order to assist you with your 2018 and 2019 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:  ...

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U.S. Closer Connection – Form 8840

Tax Planning Update - U.S. Closer Connection, Form 8840   U.S. tax rules contain a mathematical formula to determine tax residency.  This formula involves counting the number of days that you are physically present in the U.S. over a three-year period.  This residency...

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2018 Ontario Budget Commentary

On March 28, 2018, Ontario's Finance Minister Charles Sousa delivered the 2018 budget. This budget anticipates a surplus of $500 million in 2017-18 and deficits of $6.7 billion for 2018-19 and $6.6 billion for 2019-20. The budget also includes changes to Ontario's...

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Filing Your 2017 U.S. Tax Returns

The 2017 U.S. tax return for an individual; Form 1040 is due on April 17th, 2018. However, if a U.S. tax person is out of the U.S. on April 18th, the filing due date is automatically extended to June 15th. The extension allowed is for the filing of the tax return but...

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Are you ready for T1 Tax Season?

The April 30, 2018 deadline to file your 2017 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...

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