Federal Budget Commentary 2025

On November 4, 2025 (Budget Day) Minister of Finance and National Revenue, François-Philippe Champagne, announced the budget, “Building Canada Strong” (Budget 2025).  Budget 2025 has been advertised as a bold budget where tough choices and sacrifices will have to be made and as such, Canada will have to spend less and invest more.  Budget 2025…

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Amy Zarzycki Earns CPB Designation

Wilkinson & Company LLP is proud to announce that Amy Zarzycki has officially earned the Certified Professional Bookkeeper (CPB) designation from CPB Canada. This national certification recognizes the highest standard of bookkeeping expertise, ethics, and ongoing professional development. With over 2,300 members across the country, CPB Canada represents Canada’s largest and most respected community of…

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Client Update | Payment and Interest Relief for Businesses

To assist businesses dealing with the economic impact of new tariffs being imposed by the USA, theGovernment of Canada announced that it will provide interest and payment relief to businessesimpacted by tariffs. The Canada Revenue Agency (CRA) will: Interest will resume starting July 1, 2025. Importantly, this is not a filing extension so corporate tax…

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Year End Tax Planning for 2024 – INVESTORS AND AIRBNB HOSTS ESPECIALLY!

As the end of the year approaches there are a few planning steps you can take to reduce your personal tax bill this April and into the future.  2024 was a year where several significant tax changes occurred, including the increase in the capital gains inclusion rate and the limitation on expenses for short-term rental…

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