Posts and Updates
Stay tuned for updates and news releases related to accounting and tax matters.
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Merger Announcement
I am thrilled to announce that effective October 1, 2024, Kingston Professional Corporation and Culham & Associates have merged practices. Clients of Culham & Associates will be pleased…
4 min read
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2024 Federal Budget of Canada
On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, tabled the Federal 2024 Budget to the House of Commons in Ottawa. There…
4 min read
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2024 EI premium rates and maximums
For 2024, the maximum annual pensionable earnings for EI is $63,200, means the maximum employee premium at 1.66% is $1,049.12, and the employer premium is $1,468.77.
4 min read
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2024 CPP and EI Maximums
For 2024, the maximum annual pensionable earnings for CPP is $68,500, with a basic exemption of $3,500, means the maximum employee contribution at 5.95% is $3,867.50, or $7,735.00…
4 min read
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First Home Savings Account (FHSA)
Since April 1, 2023, qualifying individuals may be able to contribute to this type of registered plan up to a maximum of $40,000 (lifetime limit) to permit making…
4 min read
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Retirement savings limits for 2024
The CRA has confirmed that the Tax-Free Savings Account (TFSA) limit for 2024 will be $7,000, up from $6,500 in 2023. The TFSA contributions can be made January…
4 min read
