2024 Individual Tax Season Filing Tips & Reminders
As we get into the 2024 tax filing season, we would like to provide you with some information on changes that have taken place since last year and remind you […]
New and Expanded Trust Reporting: It’s here!
New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts (and estates) file tax returns. These changes will catch many individuals and businesses […]
2023 Individual Tax Season Filing Tips & Reminders
As we get into the 2023 tax filing season, we would like to provide you with some information on changes that have taken place since last year and remind you […]
Four Common Questions About the CRA’s Principal Residence Exemption
This is an excerpt from CPA Canada’s Business Matters newsletter and first appeared on CPA Canada’s online news site. CPA expertise can help clients maximize this exemption and minimize taxes […]
The Tax Consequences of Leaving Canada Permanently
This is an excerpt from CPA Canada’s Business Matters newsletter and first appeared on CPA Canada’s online news site. From assets and property to personal ties, several factors will affect […]
Helpful Links to COVID-19 Updates and Related Information
As you are all aware, the federal and provincial announcements have been coming fast and furious and as the situation evolves, so do the measures that have been announced. Already […]
Federal and Provincial Emergency Benefits Announced
Canada Emergency Response Benefit (CERB) The federal government has just released more information regarding federal financial help for Canadians who have lost income due to COVID-19. The new CERB, which […]
Coronavirus BC: Summary of BC’s COVID-19 Action Plan
Following is a summary of select measures recently announced as part of BC’s COVID-19 Action Plan. Employment & finances BC Emergency Benefit for Workers – a tax-free $1,000 payment to […]
Coronavirus Canada: COVID-19 Measures for Employers
The following is an important message from the CRA concerning COVID-19 measures for employers: The CRA is closely monitoring the COVID-19 situation, and working with government partners to implement the […]
Owner-Manager Year-End Tips
Year-end remuneration strategies Determine optimal salary-dividend mix for the owner-manager and family members to minimize overall taxes by considering: Marginal tax rates Corporation’s tax rate Provincial health and/or payroll taxes […]