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Our 2021 Third Quarter newsletter can be viewed here and covers a number of important topics including:

  • CANADA EMERGENCY RENT SUBSIDY (CERS) …...……….…........ 1
    More Clarification
  •  
    CRA COLLECTIONS ….…......…….. 2
    Potential Impact on Business
  •  
    TRAVEL ALLOWANCES .................. 3
    Limited Distance Covered
  •  
    COVID-19 MEDICAL EXPENSES ...... 3
    Tax Treatment
  •  
    CANADA EMERGENCY
    RESPONSE BENEFIT (CERB) ……. 3
    Repayments
  •  
    TFSA …………………….................... 4
    Excess Contributions
  •  
    WILL AND BENEFICIARY DESIGNATIONS ………………….…... 4
    Are they current?
  •  
    CRA OR SCAMMER ………..………... 5
    Who is it?
  • This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals.  Enjoy!

Our 2021 Second Quarter newsletter can be viewed here and covers a number of important topics including:

  • IMMEDIATE CAPITAL ASSET WRITE-OFF..................... ..............................................Budget 2021
  • CANADA RECOVERY HIRINGCANADA RECOVERY HIRING PROGRAM (CRHP) …New Hiring Subsidy
  • EXTENDED WAGE AND RENT EXTENDED WAGE AND RENT SUBSIDIES .............Details Released
  • BENEFICIAL OWNERSHIP OF BENEFICIAL OWNERSHIP OF CORPORATIONS ….More Information to Be Disclosed
  • RENTAL PROPERTIES ……...…….. .............................................................................Major Repair Expenses
  • COVID-19 BENEFITS FOR COVID-19 BENEFITS FOR INDIVIDUALS........................Period Extensions
  • TAXPAYER RELIEF .……………..…..............................................................................Financial Hardship
  • GUARANTEED INCOME SUPPLEMENT .…………......................................................More People Are Now Eligible

Our 2021 First Quarter newsletter can be viewed here and covers a number of important topics including:

  • Canada Pension Plan........costs are increasing in 2021
  • Canada Emergency Wage Subsidy (CEWS).......public listing of applicants
  • Canada Emergency Rent Subsidy........more Covid-19 support
  • Employees working from home during COVID-19.........personal tax deductions
  • Canada Emergency Business Account.......Program expanded
  • Online Activity......CRA focus on video game streamers and online influencers

Our December 2020 newsletter is available here and covers a number of important topics including:

  • Canada Pension Plan, when to apply?
  • Reasonable meal allowances
  • Commingling business and personal expenses....the cost could be very high
  • Unreported income...Statute barred periods
  • Unremitted GST/HST or Source deductions....Directors can be personally liable
  • U.S. Transition Tax.....IRS starting compliance work
  • RRIF/RRSP on death...roll over to a child or grandchild's RDSP

  


Our September 2020 newsletter is available here and covers a number of important topics including:

  • Reimbursing employees for work from home technology expenses
  • Real Estate projects, watch out!
  • Loans for value, income splitting tool
  • and more

  


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