Tax Changes and New Rules to Be Aware of in 2023
As we start the new year of 2023, we say goodbye to the epidemic for good but begin a new year full of uncertainty accompanied by high-interest rates and high inflation. To help individuals and businesses plan their finances, it is helpful to review any changes in taxation for the coming year. It is recommended to seek the advice of an accountant or reliable sources for the most current and accurate information.
2023 Automobile Deduction Limits and Expense Benefit Rates for Businesses
On December 16, 2022, The Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.
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