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Congratulating this year’s successful class of Common Final Examination writers

Every year we have the opportunity to welcome new team members to the KRP LLP family. And every year we’re reminded of the wealth of talent across Canada’s accounting industry—not to mention the passion and commitment to service excellence that these young professionals bring to our firm and our sector. Their dedication is truly inspiring. […]

Latest Insights

Middle class tax cut and GST reduction on new homes

Ottawa tables middle class tax cut, GST relief for some first-time home buyers

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The recent federal election campaign featured the usual policy one-upmanship among party leaders…
Parliament building where prescribed rate is set

Prescribed rate for Q3 2025 drops to lowest level since 2022

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The Canada Revenue Agency has announced the prescribed rate for the third quarter of 2025, with welcome…
Section 899 and a U.S. tax return

Section 899 of ‘One Big, Beautiful Bill Act’ could be a nightmare for Canadian investors, businesses

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Of all the economic disruption caused by the Trump administration in recent months—roiling markets…
Queen's Park in Toronto where the 2025 Budget was tabled in the legislature

2025 Ontario Budget features tariff relief and a deficit nearly 10x greater than expected

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Ontario Premier Doug Ford has been the first minister most visibly and vocally opposed to U.S. President…
A manufacturer in Ontario that received tariff-related tax relief

Queen’s Park offers tax relief to businesses amid Canada-U.S. trade war

With U.S. tariffs in effect across key industries such as steel and aluminum, and more about to apply…
Graphic depicting CRA prescribed rate for Q2 2025

Prescribed rate holds steady for Q2 2025

The Canada Revenue Agency recently announced the prescribed rate for the second quarter of 2025—the…
U.S. Treasury Department where Beneficial Ownership Information rules now extend to foreign entities

U.S. Beneficial Ownership Information reporting rules now apply only to foreign entities

The continuing saga over on-again, off-again Beneficial Ownership Information (BOI) reporting rules…
auto factory impacted by U.S. tariffs and eligible for Canadian tariff relief

Ottawa introduces federal tariff relief measures, including corporate tax, HST deferral

With U.S. tariffs now in effect across multiple sectors including the auto industry, and the reality…
U.S. Treasury Department where Corporate Transparency Act is enforced

U.S. Corporate Transparency Act and Beneficial Ownership Information reporting rules reinstated (again)

The back and forth over Beneficial Ownership Information (BOI) reporting rules in the U.S. continues.…

Volvo of Mississauga has retained KRP for our corporate and personal accounting services for over 35 years. We have a one-on-one relationship with the people who manage our accounts, many who have been with KRP for years. They know and understand our business and offer creative ideas on how we can grow in new directions.

Robert McMillan
Dealer Principal of Volvo of Mississauga McMillan & Saunders Inc.

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