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Belmonte Léger SEP

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Canada
Montreal, QC
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.

06/19/2026

📢 The Canada Child Benefit for the month of June was issued today! Didn’t receive your payment yet? Don’t worry it can take up to 5 business days to arrive. Please check your account. 💲💲
ℹ️ The current maximums for the Canada Child Benefit (CCB) for the 2025–26 benefit year (payments from July 2025 through June 2026), based on adjusted family net income (AFNI) from the 2024 tax year:
- Children under 6 years: $7,997 per child (approximately $666.41 per month)
- Children aged 6 to 17 years: $6,748 per child (approximately $562.33 per month)
🔗 More information 👇
https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit.html
🔗 Version française 👇
https://www.canada.ca/fr/agence-revenu/services/prestations-enfants-familles/allocation-canadienne-enfants.html

06/18/2026

Thinking About Moving Provinces? Don't Forget About Taxes.
When comparing provinces, many Canadians focus on housing costs, employment opportunities, or lifestyle. But your province of residence can also have a significant impact on your tax bill.
💡 Here's something important to remember:
Canada's income tax system is progressive, meaning you don't pay the same tax rate on every dollar you earn.
As a result, two individuals earning the same income may pay different amounts of provincial income tax depending on where they live.
📍 Provincial tax rates, tax brackets, surtaxes, and tax credits vary across Canada.
Some provinces offer:
✔️ Lower income tax rates
✔️ Different tax credits and benefits
✔️ Reduced surtaxes
✔️ Provincial programs designed to offset living costs
🔍 Quebec, for example, generally has higher provincial income tax rates than many other provinces, but residents may also benefit from unique provincial credits and social programs.
📌 Before making a move for tax reasons alone, consider the full picture:
• Provincial income taxes
• Sales taxes
• Property taxes
• Cost of housing
• Healthcare and social programs
• Employment opportunities
• Retirement considerations
A province with lower taxes isn't always the most financially advantageous choice once all factors are considered.
Need help understanding how a move could impact your tax situation? Our team is here to help.

06/17/2026

📢 Reminder: Canada's Federal Tax Cut Is Now in Effect
Canadian taxpayers are now benefiting from the reduction in the lowest federal personal income tax rate.
🎯 What's Changed?
✔️ The lowest federal tax rate has been reduced from **15% to 14%**
✔️ The full 14% rate applies throughout 2026 and future years unless legislation changes
✔️ Eligible Canadians could save up to **$420 annually per individual**
✔️ Two-income families could save up to **$840 per year**
📊 Who Benefits?
• Canadians with taxable income in the first federal tax bracket
• Millions of taxpayers across the country
• A significant portion of the tax savings benefits middle-income Canadians
💡 What Does This Mean?
Many employees may see lower tax deductions from their pay compared to previous years, while others may notice the impact when filing their income tax return.
📌 Understanding how federal tax changes affect your personal situation can help with budgeting, tax planning, and financial decision-making.
Need help understanding how these changes affect you or your business? Our team is here to help.

06/16/2026

👩‍👧‍👦 Canada Child Benefit: Continued Support for Canadian Families
The Canada Child Benefit (CCB) continues to provide tax-free monthly payments to eligible families helping offset the cost of raising children.
🔹 Maximum Benefit Amounts (July 2026 – June 2027)
• Children under age 6:
Up to $666.41 per month ($7,997 annually)
• Children aged 6 to 17:
Up to $562.33 per month ($6,748 annually)
🔹 Why It Matters
✔️ Tax-free monthly financial support
✔️ Helps families manage the rising cost of raising children
✔️ Benefit amounts are reviewed and adjusted periodically to reflect economic conditions
🔹 Who Can Receive It?
• Families with children under 18 years of age
• Must be a resident of Canada for tax purposes
• Eligibility and payment amounts are based on family net income and other factors
🔹 Additional Support
Families caring for a child eligible for the Disability Tax Credit may also qualify for the Child Disability Benefit, providing additional monthly assistance.
📌 Reminder:
CCB payments for the July 2026 – June 2027 benefit year are based on information from your 2025 income tax return. Filing your tax return on time ensures your payments are calculated correctly.
Need help with tax filing or benefit planning? Our team is here to help.

06/15/2026

📣 Retired? Avoid Unexpected Tax Bills at Tax Time!
Many retirees are surprised to discover they owe taxes when filing their return. Why? Because income sources such as CPP, OAS, pensions, and RRIF withdrawals may not have enough tax withheld at source.
💡 Here are a few ways to stay ahead:
✔️ Request additional tax withholding from your CPP, OAS, pension, or RRIF payments
✔️ Review your expected income annually to estimate your tax liability
✔️ Aim to minimize large balances owing and avoid interest charges
✔️ Be aware that quarterly tax installments may be required if your net tax owing exceeds:
• $3,000 federally
• $1,800 for Quebec residents
📌 A little tax planning today can help prevent surprises tomorrow.
👉 Need help estimating your tax liability or adjusting your withholding amounts? Our team is here to help.

06/12/2026

📢 Canada Disability Benefit: Support Available for Eligible Canadians
The Canada Disability Benefit (CDB) continues to provide financial support to eligible working-age Canadians living with disabilities.
🔹 Who may qualify?
• Must be between 18 and 64 years old
• Must be approved for the Disability Tax Credit (DTC)
• Must be a resident of Canada for income tax purposes
• Must have filed the previous year's income tax return (and spouse/common-law partner, if applicable)
🔹 How much can you receive?
For the July 2026 to June 2027 payment period, eligible individuals may receive up to $204.20 per month, depending on family income and eligibility requirements.
🔹 Important reminders:
✔️ Ensure your income tax return is filed on time each year
✔️ Keep your Disability Tax Credit (DTC) status up to date
✔️ Report any significant changes to your personal situation when required
💡 The Canada Disability Benefit is designed to help reduce poverty and improve financial security for Canadians with disabilities.
👉 Need help understanding your eligibility or tax filing requirements? Our team is here to help.

06/11/2026

📣 Are You Self-Employed? Your Tax Filing Deadline Is Approaching!
✅ If you or your spouse/common-law partner were self-employed in 2025, you have until June 15, 2026 to file your 2025 income tax and benefit return.
ℹ️ Important Reminder:
Any balance owing was still due by April 30, 2026. Filing later does not extend the payment deadline, and interest may apply to unpaid amounts.
💡 Don't wait until the last minute. Filing on time helps avoid penalties and ensures you continue receiving any benefits and credits you're entitled to.
👉 Need assistance with your tax return? Our team is here to help. Give us a call today!
🔗 Learn more 👇
Canada Revenue Agency, Filing and Payment Deadlines

06/10/2026

🏡 The federal government’s new First-Time Home Buyers’ GST/HST Rebate is now in effect, helping eligible Canadians save up to $50,000 on the purchase of a newly built home. 💸
🔻 Why it matters:
• Up to $50,000 in GST/HST savings on qualifying new homes
• Helps reduce upfront homeownership costs
• Makes new construction more accessible for first-time buyers
• Can significantly lower the amount that needs to be financed
🔹 How it works:
🏠 Purchase Price of New Home → Rebate Amount
• Up to $1,000,000 → 100% rebate of the GST or federal portion of the HST (up to $50,000)
• $1,000,000 to $1,500,000 → Gradual phase-out of the rebate
• $1,500,000 or more → No rebate available
💡 Eligibility Highlights:
• Must be a first-time home buyer (or have not owned and occupied a home in the previous 5 years)
• Must be purchasing a newly built or substantially renovated home intended as your primary residence
• Purchase agreement must be signed on or after March 20, 2025 and before 2031
• Construction must be substantially completed and the home occupied before 2036
• Available only once per lifetime
📌 This rebate applies only to qualifying new homes and does not apply to resale properties.
🔗 Source: Canada Revenue Agency (CRA)

06/09/2026

💰 Today is Tax Freedom Day in Canada.
According to a new study, if the average Canadian family had to pay all of its taxes upfront, it would work the first 158 days of the year before earning money for itself. That places Tax Freedom Day on June 9, 2026.
The study estimates that the average Canadian family will earn $166,790in income this year and pay approximately $72,539 in taxes across federal, provincial, and municipal governments—about 43.5% of total income.
Provincial differences are significant. Saskatchewan reaches Tax Freedom Day earliest on May 20, while Quebec's arrives latest on June 27.
Whether you see taxes as an investment in public services or a burden on household finances, Tax Freedom Day offers a different perspective on the cost of government.
Source of information
https://www.fraserinstitute.org/studies/canadians-celebrate-tax-freedom-day-on-june-9-2026

06/08/2026

💰 Summer isn't just for vacations it's also one of the best times to get your tax planning in order. Many Canadians wait until the end of the year to think about taxes, but a few smart moves now can make a big difference later.
✅ Review your RRSP and TFSA contributions
✅ Organize receipts and tax documents
✅ Plan charitable donations
✅ Review investment gains and losses
✅ Maximize available credits and deductions
✅ Update your tax strategy before year-end deadlines arrive
The best tax opportunities are often the ones planned months in advance not discovered in December.
🔗 Source of information The Globe & Mail

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

Website

http://www.belmonteleger.com/

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