Triple M Professional Corporation

Investing in real estate can be a smart way to build wealth, especially when purchasing newly constructed or substantially renovated rental properties. However, many property owners face the challenge of managing the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) paid on these investments. Fortunately, the New Residential Rental Property (NRRP) Rebate offers a valuable way to recover some of these costs. This rebate program is designed to make rental housing more affordable while providing financial relief to property investors. If you’ve purchased or built a new rental property in Canada, understanding how the NRRP rebate works can help you maximize your return on investment. What Is the NRRP Rebate? The New Residential Rental Property (NRRP) Rebate allows landlords and property investors to recover a portion of the GST/HST paid on qualifying rental properties. Unlike the New Housing Rebate, which is for individuals purchasing a new home for personal use, the NRRP reb...

Expanding your business into Canada is an exciting step. Toronto, being one of the country’s leading financial and business hubs, attracts non-resident corporations from around the world. But with these opportunities come complex tax rules. If you’re a non-resident corporation doing business in Canada, understanding your tax obligations is critical. In this blog, we’ll break down what non-resident corporate tax means, the challenges you may face, and why professional tax services in Toronto are essential for success. What Is Non-Resident Corporate Tax? A non-resident corporation is any company incorporated or managed outside of Canada that still earns income from Canadian sources. Even if you don’t have a physical office in Toronto, you could still face tax obligations if you: Earn income from Canadian clients Operate through a permanent establishment in Canada Own rental property in Canada Receive royalties, dividends, or interest from Canadian sources The Canada R...

Toronto NFT Tax Accounting for Creators Searching for Toronto NFT Tax Accounting for Creators ? Triple M Professional Corporation is Canada’s leading CPA and Accounting firm that focuses on crypto taxation, assisting digital artists, creators, and NFT entrepreneurs. We offer expert advice on reporting the income, the GST/HST aspect, the capital gain and deals with compliance with CRA. Whether you are creating, selling or swapping NFTs, our personalized tax options help you stay compliant, reduce liability, and be prepared for an audit. As pioneers in digital asset accounting, we always think and plan in terms of the changing tax laws in order to safeguard your earnings an encourage your creative expansion.