wefinx

At Wefinx, CPAs and advisors support businesses with:

✅ Corporate tax planning & filing
✅ Clear, compliant structuring
✅ Protecting wealth and optimizing income
✅ Complimentary tax health check to review your position and avoid surprises

Always happy to exchange insights or have an initial, no-obligation conversation if helpful.

Looking forward to connecting 🤝
👉 wefinx.com

Wefinx CPAs with over 35 years of professional and reputable experience in providing accounting, tax, and virtual advisory services.

Need help with your taxes or bookkeeping?
Not sure if you’re paying more than you should?
Looking for a reliable accountant you can trust?

✔ Personal & Corporate Tax
✔ Bookkeeping & Accounting
✔ Business Advisory

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wefinx CPAs with over 35 years of professional and reputable experience in providing accounting, tax, and advisory services.

Tax season can be confusing!
If you need help understanding your tax situation or filing your returns, let’s connect. We can help make the process simple and clear.

Unlock your business's potential with our tailored Virtual CFO services designed to drive growth and enhance financial clarity. Experience strategic insights that empower you to make informed decisions and achieve your goals.

Let’s talk this tax season on filing your taxes.

Tax season is coming! 🗓️

There are many money-saving opportunities you don’t want to miss. To maximize a refund, you may be able to claim:

🩺 Medical expenses
📚 Tuition amounts
👩‍👦 Childcare costs
🏠 Moving expenses

Check out the complete list: https://ow.ly/h3K250XUaJq

[Image description: Two people are having a conversation in front of an open laptop.]

The Government of Canada is deferring the date on which the capital gains inclusion rate would increase to January 1, 2026 to provide certainty to Canadian taxpayers and businesses.

Also, the government announced capital gains exemptions that will be maintained and created would include:

* Maintaining the Principal Residence Exemption, to ensure Canadians do not pay capital gains taxes when selling their home. Any amount they make when they sell their home will remain tax-free.

* A new $250,000 Annual Threshold for Canadians, effective January 1, 2026, to ensure individuals earning modest capital gains continue to benefit from the current one-half inclusion rate. Capital gains, including on the sale of a secondary property, such as a cottage, will be eligible for the $250,000 annual threshold, meaning a couple selling a cottage with a $500,000 capital gain would not pay more tax.

* Increasing the Lifetime Capital Gains Exemption to $1.25 million, effective June 25, 2024, from the current amount of $1,016,836 on the sale of small business shares and farming and fishing property. With this increase, Canadians with eligible capital gains below $2.25 million would pay less tax and be better off, even after the inclusion rate increases on January 1, 2026.

* A new Canadian Entrepreneurs’ Incentive, to encourage entrepreneurship by reducing the inclusion rate to one-third on a lifetime maximum of $2 million in eligible capital gains. This incentive would take effect starting in the 2025 tax year and the maximum would increase by $400,000 each year, reaching $2 million in 2029. Combined with the new $1.25 million lifetime capital gains exemption, when this incentive is fully rolled out, entrepreneurs would pay less tax and be better off on capital gains of up to $6.25 million.

Another budget tax increase.

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