A key Canada Revenue Agency tax rate that impacts everything from the interest due on outstanding taxes to interest received on tax refunds, is about to double. The prescribed rate will increase to 2 per cent from the current 1 per cent, effective July 1st, 2022. The rate has remained at 1 per cent since […]
When Bank of Montreal and Bank of Nova Scotia, two of Canada’s largest banks, recently announced the introduction of new or revised mortgage lending rules for foreigners and international students, many across the country hailed the decision. Those sentiments were strongest in cities such as Vancouver and Toronto, where foreign buyers have been blamed at […]
Copyright KRP LLP 2020
KRP LLP is a proud member of Russell Bedford International – a global network of independent professional services firms