Belmonte Léger SEP

Belmonte Léger SEP Financial Reporting, Assurance, Taxation, SR&ED, Corporate Finance & Advisory
Rapport financiers, Au

The mission of Belmonte, Léger and Associates is to remain a recognized leader in the area of consulting services to companies, distinguish itself by the competence and the integrity of its consultants and to maintain cordial relationships with his clients, based on confidence

Les objectifs de Belmonte, Léger et Associés sont de demeurer un leader reconnu dans le domaine des services-conseil aux

entreprises, de se distinguer par la compétence et l'intégrité de ses conseillers et de maintenir des relations cordiales avec ses clients.

📢 The U.S. has announced 50% tariffs on select Canadian goods, marking a significant escalation in trade tensions betwee...
07/21/2026

📢 The U.S. has announced 50% tariffs on select Canadian goods, marking a significant escalation in trade tensions between the two countries. The new measures are expected to take effect on August 19, giving both sides time to continue negotiations.
💡 What's being targeted?
The tariffs apply to a range of Canadian products, including:
• Wine and alcoholic beverages
• Cement and construction materials
• Hockey equipment
• Furniture, clothing, and other manufactured goods
Some key exports, including energy, potash, fish, and critical minerals, are exempt.
🌎 Why this matters
For businesses on both sides of the border, higher tariffs can lead to:
• Increased costs for importers and consumers
• Supply chain disruptions
• Reduced competitiveness for exporters
• Greater uncertainty for future investment decisions
👉 Canada and the United States share one of the world's largest trading relationships. Actions that affect cross-border trade don't just impact governments they affect businesses, workers, and consumers in both countries.

The Canada Child Benefit (CCB) is increasing for the 2026–2027 benefit year, providing more tax-free support to help fam...
07/20/2026

The Canada Child Benefit (CCB) is increasing for the 2026–2027 benefit year, providing more tax-free support to help families manage the rising cost of raising children.
Starting this month, eligible families can receive up to:
👶 $8,157 per year ($679.75/month) for each child under 6
🧒 $6,883 per year ($573.58/month) for each child aged 6 to 17
The annual increase represents up to:
✅ +$160 per child under age 6
✅ +$135 per child aged 6 to 17
📌 The CCB is tax-free, and payment amounts are recalculated every July based on your family's adjusted net income from the previous year's tax return. The next payment is scheduled for today July 20, 2026.
For millions of Canadian families, this increase will help cover everyday expenses such as groceries, clothing, school supplies, and childcare.
More information 👇
https://www.canada.ca/en/immigration-refugees-citizenship/news/2026/07/minister-metlege-diab-highlights-canada-child-benefit-payments-increasing-in-20262027.html

📢 Good news for Canadian small businesses!The Canada Carbon Rebate for Small Businesses is now non-taxable for all fuel ...
07/17/2026

📢 Good news for Canadian small businesses!
The Canada Carbon Rebate for Small Businesses is now non-taxable for all fuel charge years.
This means eligible businesses will not have to include rebate payments as taxable income, allowing them to retain the full value of the rebate. The change applies retroactively to all applicable fuel charge years.
If you've already reported the rebate as taxable income, the CRA will provide guidance on any adjustments that may be required.
This update is intended to simplify tax reporting while ensuring small businesses receive the full benefit of the rebate.
📌 If your business qualifies for the Canada Carbon Rebate for Small Businesses, it's worth reviewing how this change may affect your tax filings.
🔗 More information 👇

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/business-tax-credits/canada-carbon-rebate-small-businesses/tax-treatment-rebate.html

🏡💰 First-time home buyersApplications are now open for the federal First-Time Home Buyers’ GST/HST Rebate.Eligible first...
07/16/2026

🏡💰 First-time home buyers
Applications are now open for the federal First-Time Home Buyers’ GST/HST Rebate.
Eligible first-time buyers may receive:
🏠 100% of the GST or federal portion of the HST on a new home valued up to $1 million
📉 A reduced rebate on new homes valued between $1 million and $1.5 million
In Ontario, eligible first-time buyers may also qualify for a rebate of up to $80,000 on the provincial portion of the HST.
✔️ Buying or building your first home?
Make sure you understand the eligibility requirements before leaving significant savings on the table.
👇 Check your eligibility and learn how to apply 👇
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-rebates/first-time-home-buyers-gst-hst-rebate.html

At Belmonte Léger SEP, we provide a comprehensive range of independent assurance services designed to enhance the accura...
07/15/2026

At Belmonte Léger SEP, we provide a comprehensive range of independent assurance services designed to enhance the accuracy, transparency, and credibility of your financial information. Our experienced professionals help business owners, investors, lenders, and stakeholders gain confidence in the financial health of an organization while ensuring compliance with the highest professional standards.
Whether you're preparing for financing, supporting business growth, meeting regulatory requirements, or planning for the future, our assurance services deliver the reliable financial insights you need to make informed decisions.
Our team works closely with clients to strengthen internal controls, identify key financial drivers, and provide meaningful recommendations that support long-term success.
◾ Our Assurance Services
✔️ Audit Engagements
Independent audits that provide the highest level of assurance on your financial statements, including specialized audits for:
- Not-for-Profit Organizations
- Child Care Facilities
- Special Purpose Reports
✔️ Review Engagements
Cost-effective financial statement reviews that provide limited assurance while enhancing the credibility of your financial information.
✔️ Compilation Engagements
Professional preparation of financial statements based on information provided by management, helping businesses meet reporting requirements efficiently.
Reliable reporting. Trusted advice. Confidence you can build on.
📱 Connect with us: 514.383.4858
🌐 www.belmonteleger.com

🛒 Some grocery items are about to get a little cheaper in Québec.Starting July 15, 2026, Québec will eliminate the QST o...
07/13/2026

🛒 Some grocery items are about to get a little cheaper in Québec.
Starting July 15, 2026, Québec will eliminate the QST on several products, including certain individual portions of:
- Ice cream
- Doughnuts
- Pastries
- Muffins
- Prepared fruit and vegetable platters
- Seasoned nuts
- Trail-mix-style products
- Toilet paper
- Facial tissues
⚠️ Important: The GST will still apply, and different rules continue to apply in most restaurants, vending machines and catering services.
👉 With the cost of living continuing to put pressure on household budgets, every saving at the checkout counts.

🏛️ For the first time in years, Ontario has surpassed Quebec in corporate subsidies, reflecting a significant change in ...
07/10/2026

🏛️ For the first time in years, Ontario has surpassed Quebec in corporate subsidies, reflecting a significant change in how provinces are investing to attract businesses and support economic growth. The increase is largely driven by major investments in electric vehicle manufacturing, battery production, and other strategic industries.
Supporters argue these incentives are essential to:
✅ Attract global investment
✅ Create high-quality jobs
✅ Strengthen Canada's competitiveness in emerging industries
As competition for investment intensifies around the world, one question remains: How much should governments invest to secure the industries of tomorrow?
🔗 Source: Yahoo News

💰 Who really pays the most taxes in Canada?Canada's tax system is designed to be progressive meaning higher-income earne...
07/09/2026

💰 Who really pays the most taxes in Canada?
Canada's tax system is designed to be progressive meaning higher-income earners generally pay a larger share of their income in taxes than lower-income earners.
According to a recent Fraser Institute study:
📊 The top 20% of income-earning families earn approximately 48% of total income but pay 57% of all taxes.
📊 The bottom 20% of income-earning families earn about 5% of total income while paying less than 2% of all taxes.
Understanding how Canada's tax system works is essential to having informed conversations about tax policy, government spending, and economic fairness.
🔗 Source of information 👇
https://www.fraserinstitute.org/studies/measuring-progressivity-canadas-tax-system-2026

📢 Equalization: One of Canada's most misunderstood programs.Many Canadians believe equalization is one province writing ...
07/08/2026

📢 Equalization: One of Canada's most misunderstood programs.
Many Canadians believe equalization is one province writing a cheque to another.
❌ It isn't.
👉 Equalization payments come from the federal government's general revenues, funded by taxes collected across Canada not from direct transfers between provinces. The program is designed to help provinces with lower fiscal capacity provide reasonably comparable public services at reasonably comparable levels of taxation.
The debate isn't about whether the program exists...
✔️ It's about how it's calculated, who qualifies, and whether the current formula is still the best fit for Canada's economy. These questions continue to spark discussion among economists, policymakers, and provincial governments across the country. Understanding how equalization works is the first step toward having a more informed conversation about Canada's fiscal future.
💬 What are your thoughts on Canada's equalization program?
🔗 Source of information The hub Canada

📢 Equalization: One of Canada's most misunderstood programs.Many Canadians believe equalization is one province writing ...
07/08/2026

📢 Equalization: One of Canada's most misunderstood programs.
Many Canadians believe equalization is one province writing a cheque to another.
❌ It isn't.
👉 Equalization payments come from the federal government's general revenues, funded by taxes collected across Canada not from direct transfers between provinces. The program is designed to help provinces with lower fiscal capacity provide reasonably comparable public services at reasonably comparable levels of taxation.
The debate isn't about whether the program exists...
✔️ It's about how it's calculated, who qualifies, and whether the current formula is still the best fit for Canada's economy. These questions continue to spark discussion among economists, policymakers, and provincial governments across the country. Understanding how equalization works is the first step toward having a more informed conversation about Canada's fiscal future.
💬 What are your thoughts on Canada's equalization program?
🔗 Source of information 👇

https://thehub.ca/2026/07/07/what-canadians-get-wrong-about-equalization/

Address

8535 BoUlica St-Laurent
Montreal, QC
H2P2M9

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+15143834858

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