Canada News Centre


Farm Status in BC

Due to the COVID-19 pandemic, there will be no revocations of farm status for the 2021 assessment roll. For future reference: There is no deadline for achieving gross annual value requirements for a developing farm, despite the “projected” date for doing this Click…


Change in Use of Real Estate

There are tax consequences if a principal residence or cottage is rented out, or if a rental property becomes a principal residence or personal-use property. Click below to read more: Change in Use of Real Estate Source: Tax Tips


When are T4 Slips Required?

Employment income is included on a T4 for the year in which it is received, not earned. If a payment is made in January 2018 for wages earned in December 2017, this amount will be reported on the 2018 T4, not on the 2017 T4…