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Congratulating this year’s successful class of Common Final Examination writers

Every year we have the opportunity to welcome new team members to the KRP LLP family. And every year we’re reminded of the wealth of talent across Canada’s accounting industry—not to mention the passion and commitment to service excellence that these young professionals bring to our firm and our sector. Their dedication is truly inspiring. […]

Latest Insights

Federal government housing plan

June tax news: The federal housing plan, CRA information demands–and more

THE FEDERAL GOVERNMENT’S HOUSING PLAN The Liberal government’s Budget of April 16, 2024 (budget.canada.ca)…
person on escalator symbolizing capital gains inclusion rate increase

Capital gains inclusion rate changes align with those proposed in Budget 2024

When the federal government this week tabled a notice of ways and means motion providing technical…
Person quitting a job

May tax news: The tax cost of leaving (or losing) your job, deducting interest–and more

THE TAX COST OF LEAVING (OR LOSING) YOUR JOB     What happens for tax purposes if you leave…
Canada Revenue Agency prescribed rate

Canada Revenue Agency prescribed rate drops to 5 per cent for Q3 2024

For the first time in nearly two years, the Canada Revenue Agency prescribed rate will not rise,…
executors executing last will and testament of a client

April tax news: Tax strategies for estate executors, taxes on crypto–and more

TAX CONSIDERATIONS FOR EXECUTORS   Being asked to be the Executor of someone’s estate is a…
Parliament Hill in Ottawa after Budget 2024 was delivered

Federal Budget 2024 raises capital gains inclusion rates, continues major deficit spending

The raft of ambitious new federal spending commitments in the lead up to Budget 2024 were designed…
advisor discussing new CRA trust reporting rules

Ignore erroneous $100 fines for on-time trust filing, CRA says

Some taxpayers who were required to file a trust return for 2023 may have been surprised to discover…
Canada revenue agency headquarters where the prescribed rate for Q4 2024 is set

Tax update: CRA exempts bare trusts from new trust reporting requirements

In an abrupt change of policy, the Canada Revenue agency has announced that it will exempt bare trusts…
trust return filing

March tax news: Trust return filing, estate freezes, TFSA limits–and more

DEADLINE PENDING!  MUST YOU FILE A TRUST RETURN? We have written before about the new trust reporting…

Volvo of Mississauga has retained KRP for our corporate and personal accounting services for over 35 years. We have a one-on-one relationship with the people who manage our accounts, many who have been with KRP for years. They know and understand our business and offer creative ideas on how we can grow in new directions.

Robert McMillan
Dealer Principal of Volvo of Mississauga McMillan & Saunders Inc.

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