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New year, new tax measures — what to expect in 2024
GST/HST exemptions, end of short-term rental deductions and CPP hikes are among new 2024 measures New tax measures, and changes to existing ones, will begin affecting Canadians in 2024. But tax experts say the effects on most individuals are likely to be minor, unless they’re high-income earners. GST/HST exemptions, the elimination of deductions for some short term rentals, new alternative minimum tax rates and changes to Canada Pension Plan (CPP) contributions are among the new measures coming in 2024. Eliminating short-term rental deductions The elimination of some short-term rental deductionsRead more