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
