RLB Blog

Effective June 25, 2024, Federal Budget 2024 proposed to increase the capital gains inclusion rate from 50% to 66.7%. Individuals will have an annual $250,000 capital gains safe harbour at which the old inclusion rate will continue to apply. This change has many Canadians reconsidering their succession plans for their family cottages and asking whether it’s better to sell their property or gift it to the next generation.

It’s essential to stay informed about legislative changes that impact how we manage our teams. The Ontario government’s introduction of the Working for Workers Five Act, 2024 marks a significant step forward in employee protections and support. This act builds on previous versions, aiming to enhance pathways into skilled trades, remove employment barriers, protect frontline workers, support women at work, and ensure fairness for jobseekers and employees. Here’s what you need to know to keep your business compliant and competitive.

Effective June 25, 2024, Federal Budget 2024 proposed to increase the capital gains inclusion rate from 50% to 66.7%. Individuals will have an annual $250,000 capital gains safe harbour at which the old inclusion rate will continue to apply. This change has many Canadians considering their options for triggering capital gains in their portfolio. Is now the right time, and how do you know?

As accountants who specialize in condominium audits, we are asked to present audited financial statements at hundreds of Annual General Meetings (AGM) each year.  Pre-pandemic, these AGM were typically held in-person. When restrictions on gatherings were introduced, the industry was required to find a new way to have AGM meetings. The solution was to go virtual.  We have found these virtual meetings have remained to be quite successful as they have resulted in higher attendance, and unit owners can attend the meeting from the comfort of their own home.

RLB Chartered Professional Accountants Announces the Passing of Founding Partner Earl Robinson 

The 2024 Federal Budget of Canada was made public on April 16, 2024. Delivered by Deputy Prime Minister and Finance Minister Chrystia Freeland, The Budget will address many concerns at the forefront of the Canadian business economy. It will offer insight into measures in critical areas that will affect many of our clients, such as audit and enforcement, business tax, credits and incentives, international tax, and private client services. Upon review of the Budget, we have highlighted some of the more considerable changes and the implications of these measures for the Canadian economy, businesses, and individuals.

Canada’s 2024 Federal Budget (Budget 2024), delivered by Deputy Prime Minister and Finance Minister Chrystia Freeland on April 16, 2024, addresses critical economic challenges faced by Canadians and businesses.

In today's fast-paced and competitive world, the success of any organization hinges not just on its bottom line, but also on the well-being and satisfaction of its employees. A company's greatest asset is its workforce, and nurturing their holistic health and wellbeing goes beyond simply providing perks or benefits—it's about fostering a culture that prioritizes employee wellness and psychological safety.

In a previous blog, we discussed proposed changes to Underused Housing Tax (UHT) legislation in the 2023 Fall Economic Statement which may alleviate UHT filing requirements for many Canadians. As we approach the April 30, 2024, filing deadline for 2023 UHT returns, we revisit these proposals and review their current status.

While there has been increased discussion surrounding Artificial Intelligence (AI) in Human Resource practices, it's important to acknowledge that AI has been prominent in recruitment for many years. Consider your Applicant Tracking System (ATS) for example. Does it recommend top candidates? Have you ever received personalized job or candidate recommendations from platforms like Indeed or LinkedIn? These actions and more are powered by AI.