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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

person at a computer filing a tax return

March tax news: The benefits of on-time income tax filing, convention expenses—and more

SHOULD YOU FILE YOUR INCOME TAX RETURN IF YOU CAN’T PAY? Suppose you are (or your corporation…
Trust Reporting

No, trust reporting rules haven’t changed—yet

Canadian taxpayers would be forgiven for being at least slightly confused in recent months by the…
House of Commons and flag of Canada

What to expect when you’re expecting a spring federal budget

As surely as Ottawa’s chillingly-cold winters will soon shift to warmer spring weather, professionals…
Reversionary or revocable trusts for a loved one

February tax news: Understanding trusts, managing partnership returns–and more

REVERSIONARY/REVOCABLE TRUSTS A trust is a relationship under which a person, called a settlor,…
associated corporation downtown building

January tax news: Rules for associated corporations, lending to adult children—and more

ASSOCIATED CORPORATIONS Under the Income Tax Act, there are various rules pertaining to relationships…
CEBA relief program for businesses like gyms impacted by COVID-19 lockdowns

CEBA repayment deadline extended; Ontario adds new COVID-19 relief benefits

The federal government announced this week that the repayment deadline for interest-free loans qualifying…
office employees that have access to COVID-19 relief benefits

Ottawa expands access to COVID-19 relief benefits as restrictions tighten

Under intense pressure from the business community, and as COVID-19 restrictions are tightened across…
person holding a maple leaf after Fiscal and Economic update 2021

Federal Fiscal and Economic Update 2021: Few gifts (or lumps of coal) for business

The federal government tabled its Fiscal and Economic Update 2021 last week and the business community…
yacht tax in Canada

December tax news: Luxury tax updates, calculating entertainment expenses—and more

PROPOSED LUXURY TAX ON EXPENSIVE CARS, BOATS AND PLANES The Liberal government is planning to…

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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