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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

Farming fuel tax credit

July tax news: Farming and air quality tax credits, taxation of accounts receivable–and more

FUEL CHARGE CREDIT FOR FARMING BUSINESSES The federal government recently introduced a refundable…
CERB relief for students

Government order provides relief for some students who incorrectly claimed CERB

In the early days of the COVID-19 crisis, as the federal and provincial governments rushed to rollout…
family trust

June Tax News: New trust reporting, tax planning and the CRA, why court cases matter

CRA REQUIRING ADDITIONAL TRUST REPORTING—INCLUDING BARE TRUSTS In February 2018, the federal…
Federal budget 2022 highlights

May tax news: Federal budget roundup, employee loans and calculating profits

FEDERAL BUDGET HIGHLIGHTS On April 7, 2022, the Federal government released its annual budget…
Canada Revenue Agency prescribed rate

CRA’s prescribed rate set to double on July 1, 2022

A key Canada Revenue Agency tax rate that impacts everything from the interest due on outstanding…
2022 Ontario budget proposes major transit upgrades

2022 Ontario budget proposes major infrastructure investments, targeted tax credits

After more than two years of pandemic-related bad news, massive deficits and dire fiscal predictions,…
RRSP savings

April tax news: RRSP vs. TFSA benefits, gains and losses on personal property–and more

RRSP VS. TFSA – WHICH IS BETTER? This is a question that comes up regularly in financial planning…
home buying

Federal Budget 2022—Home-buying, climate change and personal tax highlights

The federal government approached Budget 2022 under immense pressure to address skyrocketing inflation,…
Budget 2022 engineer focusing on innovation

Federal Budget 2022 offers minor tax relief for business, funding for innovation

The federal government’s Budget 2022 contained several new proposed measures, both from a personal…

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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