Pharmacy Blog
Capital Gains Change: Budget 2024
In the proposed Budget 2024, the federal government is amending the Income Tax Act, effective June 25, 2024. This amendment will raise the inclusion rate for capital gains. For corporations and trusts, the rate will increase from one-half to two-thirds. For...
Home Buyers’ Plan: Explanation and Budget 2024 Changes
The Home Buyers' Plan (HBP) is a program that enables you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to purchase or build a qualifying home. The home can be either for yourself or a specified disabled person. The current maximum withdrawal...
Budget 2024 Highlights
The 2024 federal budget presents a series of proposals that could significantly impact the financial strategies of pharmacists and pharmacy owners. While these are only proposals still being discussed and not law yet, they provide insights into possible changes in how...
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Do you want to start saving thousands in tax every year?
Do you want to start saving thousands in tax every year?