by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
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...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
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...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
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...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
Planning for retirement is a critical part of financial management. Pharmacists require tailored retirement strategies to ensure financial security and retirement incomes that support their planned lifestyle. Planning Early and Developing a Good Strategy Pharmacists,...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
Effective in 2023, the government has implemented an anti-flipping rule for residential housing, with the goal of maintaining more affordable housing for buyers. Flipping is a tactic of purchasing residential property and reselling it soon afterwards for a profit. The...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
It’s important to file your personal income tax and benefit return on time, and make any payments by due dates. There may be benefits or credits you are eligible for, and you can avoid penalties and late fees. You can manage your taxes on My Account, get updates on...
