Alex McKillop Tax Ltd.

04/15/2026

Starting today, February 23rd, you can do your 2025 taxes online!

⏰ Doing your taxes on time means that you’ll keep getting the benefit and credit payments you’re eligible for, and you might even get a refund!

Get started 👉 https://ow.ly/erjs50YiZ0Y

[Image description: An icon of a bell inside a calendar. “2025 taxes are due April 30th, 2026!”]

03/25/2026

From a tax perspective, this is a big shift.
Old system: pay 13% HST and chase a limited rebate.
New system: no HST upfront on new homes under $1M.
👉 That’s up to a ~$100K swing in real dollars.

Premier Doug Ford says the province and federal government plan to temporarily expand the HST rebate for new homes in the province, allowing all buyers a rebate of up to $130,000.

03/25/2026

From a tax perspective, this is a big shift.
Old system: pay 13% HST and chase a limited rebate.
New system: no HST upfront on new homes under $1M.
👉 That’s up to a ~$100K swing in real dollars.

The 13 per cent harmonized sales tax break on new houses and condos will extend to everyone — not just first-time home buyers.

01/31/2026

Accessing your GST/HST access code in the My Business Account portal

Business owners are able to view their GST/HST access code online through the secure My Business Account (MyBA) portal.

The GST/HST access code is a personal security key used to authenticate your identity when submitting GST/HST returns outside of the Canada Revenue Agency's secure portals. This code is only required if you choose to file your GST/HST returns using one of the following services:

GST/HST NETFILE
GST/HST Internet File Transfer
GST/HST TELEFILE
As a business owner, you can find your access code on the "View expected and filed returns" page within MyBA. To access this page, navigate to the "Returns" tab on the RT Overview page, then select the "View return details" button.

Send a message to learn more

01/30/2026

Bare Trusts, Joint Ownership, Estate Planning, Probate

T3 filing for bare trusts has again been deferred. Understand joint ownership and beneficial vs legal ownership, and how these can cause problems. Did you know you can have multiple wills in some provinces? Do you know which assets are excluded from probate? Probate fees have been updated, with Quebec being the only change for 2026.
Topics in this article:
- Assets Excluded From Probate
- Probate Fees
- Bare Trusts - T3 Filing Again Deferred
- Named Beneficiaries, Jointly Held Assets
- Multiple Wills / Secondary Wills
- Joint Ownership of Assets
- Beneficial Ownership vs Legal Ownership
- Things Can Go Wrong With Joint Tenancies

https://www.taxtips.ca/willsandestates/bare-trusts-minimize-probate-fees-multiple-wills-joint-ownership.htm

01/30/2026

Elimination of the Underused Housing Tax for 2025 and subsequent years
As part of Budget 2025, the Minister of Finance and National Revenue tabled a Notice of Ways and Means Motion to amend the Underused Housing Tax Act, to eliminate the Underused Housing Tax (UHT) for the 2025 calendar year and subsequent years. Under these proposed amendments, no UHT is payable, and no UHT return is required to be filed in respect of the 2025 calendar year or subsequent years.

These proposed amendments do not affect the application of the UHT to the 2022, 2023 or 2024 calendar years. Existing filing and payment obligations for these years, as well as related penalties and interest provisions remain in effect.

Send a message to learn more

01/26/2026

In its first year, the benefit will give low- and modest-income Canadians eligible for the GST rebate a one-time boost that raises the $1,100 a family of four receives annually to $1,890 and increases the $540 an individual gets to $950.

Prime Minister Mark Carney announced a suite of affordability measures on Monday that he says will help Canadian families who are struggling to cope with the rising cost of living.

01/26/2026

In its first year, the benefit will give low- and modest-income Canadians eligible for the GST rebate a one-time boost that raises the $1,100 a family of four receives annually to $1,890 and increases the $540 an individual gets to $950.

Prime Minister Mark Carney announced a suite of affordability measures on Monday that he says will help Canadian families who are struggling to cope with the rising cost of living.

10/31/2025

Happy Halloween from Alice Cooper, motorcycle guy 🏍️, Sadness (Inside Out), Cat Lady, Groovy Girl ☮️, Dracula 🧛, and Miss Puppy 🐶!

10/02/2025

The staff at AMTAX are proud to win the Gold again in three categories this year! Gold finish in Accounting Firms, Bookkeeping & Income Tax Preparation. 🏆🥇🎉
2025 saw us reach new markets across the US and Canada. Stay safe and remember to consult your tax advisor!

Official 2025 Community Voting Awards Platform for North Bay, ON. Where the community votes for their favourites every year.