This webcast will focus on assessing key municipal revenue impacts and economic recovery as a result of COVID-19.
While 2021 may turn into a feeding frenzy for private equity, longer-term investors can remain as selective as they’ve always been.
Understanding economic conditions and the impact on business risk, as well as the effect of the pandemic and the economic concerns of 2020.
Description: Long a leader in technology adoption, the energy sector must continue to seek out opportunities for digital innovation
With many employees working remotely, your company’s payroll compliance for foreign employees is more complicated.
Volume 8 looks forward to Canada’s economy in 2021 and how reduced trade frictions in North America could lead to robust growth.
For middle market businesses, tax considerations can weigh heavily on how a deal is structured and the future viability of the transaction.
If an individual is a business owner or employed by a company, should the self-employed business losses reduce income when calculating IRB?
Despite the initial reactions during COVID-19, how are professional services firms applying lessons learned to move their business forward?
Outsourcing integration management led to measurable impact for a PE-owned SaaS provider to the long-term care market
2020 changes to customs regulations and agreements provide opportunity to review supply chain and trade compliance to mitigate risk/cost.
The CRA has released new guidance for claiming the employee home office expense deduction in 2020 due to COVID-19.
This article offers tips to help companies effectively preserve liquidity and manage cash flow as the pandemic continues.
Re-engineered P3s: Engineering companies are examining their opportunities to help create value for their clients.
Be prepared for sweeping information disclosure changes related to reporting of foreign affiliates to form T1134 coming in 2021.
An estate freeze provides a valuable opportunity for business owners to minimize tax both in the short term and in the long term.
Understand the amendments to Business Acquisition Reporting requirements for Non-Venture Issuers that came into effect November 2020.
Our tax alert summarizes the latest tax measures by federal and certain provincial government authorities amid the coronavirus pandemic.
Due to the varied nature of employment insurance benefits, some may be deductible and others may not, and case law will have to decide.
Would property be a tax shelter if the tax attributes are communicated but the tax benefits are not? In Krumm, the TCC held that it would.
Government Program Updates
Program: NEW PROGRAM: Canadian Emergency Rent Subsidy (CERS)
PROGRAM UPDATES: Canada Employment Wage Subsidy (CEWS)
PROGRAM UPDATES: Canada Emergency Business Account ...
The Ontario Budget commentary summarizes key business and personal tax measures set out in the Ontario Budget.
Updates to the Independent Auditor’s report, known as Key Audit Matters, are coming into effect in Dec 2020 – understand the implications.
A summary of key business and personal tax amendments proposed by the provincial and territorial budgets released this fiscal year.
With an increase in digital economy, understanding the OECD’s Model Rules for tax reporting for the gig economy are especially important.
A summary of provincial sales tax updates released by the Provinces of Saskatchewan and British Columbia in recent months.
It’s important to consider the tax consequences of a entering or expanding into the Canadian market as a multinational enterprise.
Volume 7 presents the state of Canada’s economy on its path to recovery and how the U.S. presidential election is affecting that recovery.
When appealing a case in Tax Court, taxpayers should frame issues right from the audit stage to have a solid litigation backup.
The article focuses on indirect tax strategies for organizations in the not-for-profit sector to improve liquidity and reduce risk.
These tables provide an illustration of how the Canadian income tax integration system works. Integration is approximate.
Even if the boom is leveling off now, we do not expect telehealth use and investments ever to go back to pre-pandemic levels.
This edition of Tax, Tips & Traps discusses: Working From Home; Real Estate Projects; Loans for Value; OAS Deferral; Unreasonable Allowances; Employment Insurance; Changes to Payroll; ...
This edition discusses the following topics: Mistakes Canadians make with U.S. taxes; Update on COVID-19 federal government support; Preserve cybersecurity while working remotely; and Cleaning ...
If a security breach occurs during the holding period, it jeopardizes the overall investment objectives, hence the need for cyber diligence.
As construction companies continue to deal with the fallout from COVID-19, they should look toward technology to help grow their operations.
Corporations residing in Canada are subject to corporate income tax on worldwide income. Review the 2020-2021 corporate income tax rates.
The Canada Federal Court of Appeals decision in Pangaea raises new considerations on the definition of restrictive covenants.
Taking advantage of SRED programs can create immediate benefit for taxpayers. Review rates and prerequisites taxpayers need to comply with.
Find out how shareholder benefits could arise and the potential income tax implications as a result of the In Laliberté vs Canada decision.
In the current environment, firms need to address their digital strategy to remain competitive and deliver the value to their clients.
This edition discusses the following topics: How to avoid common scams during Covid-19; Understanding COVID-19 federal government support; Understanding digital and electronic signatures; and ...
While IT updates require some investment of money and management time, they could actually protect your business from catastrophe.
An overview of several indirect tax issues that affect the cash flow of businesses across the real estate and construction sectors.
Many deals stalled as the pandemic began, prompting investors to look at turning transaction costs into cash flow—but beware of pitfalls.
The pandemic’s disproportionate effect on the Canadian economy and what to expect amidst worldwide decreases in demand and investment.
How should the COVID-19-related Canada Emergency Response Benefit be treated in determining income replacement benefit entitlements?
RSM Canada’s article on real estate rental REITs highlights the requirements to qualify as a REIT and tax consequences for the investors.
As engineering firms increase in scale, they need to consider the balance between pursuit of growth and changes in their risk profile.
A Capital Dividend Account allows a shareholder to access corporate surplus tax-free, but timing is critical.
One of Northern Ontario’s largest public accounting firms becomes the seventh member to join RSM Canada’s Alliance program.
Events like COVID-19 can have a pervasive impact on law firm operations and places renewed emphasis on risk management practices.
FIs who fail to file returns on time could face significant financial penalties, making it imperative to determine their filing obligations.
A guide to the Government of Canada’s programs and funding to help individuals and businesses in response to COVID-19.
Our authors summarize the GST/HST implications of forgivable loan payments and rent reduction offered by commercial landlords under CECRA.
This edition of Tax, Tips & Traps discusses: Starting a Business and Not Getting Paid, Tips, Real Estate Sales, Contributions of Goods or Services to an NPO, Home Accessibility Renovation ...
We set out some basic indirect tax strategies, considerations and practices to generate or preserve cash flow during these difficult times.
Canada implemented the mutual agreement procedure as an effective tool for resolving economic double taxation issues.
This change is on top of the announcement from the CBSA on March 19, 2020 which gave importers relief from late accounting penalties.
If the word ‘discretionary’ means ‘unrestricted’ or ‘unregulated’, does that mean discretionary trusts have unfettered decision-making?
Lower interest rates may entice taxpayers to borrow to bridge the cash crunch, but is additional debt a good idea in these uncertain times?
As some parts of Canada have started to bend the curve, businesses are having conversations about when they will be able to reopen.
This edition discusses the following topics: Buying a Business: A Little Planning Goes a Long Way; Voluntary Disclosures Program; What is Blockchain, and Why Do You Need to Know What It Is?; and ...
In this article originally published by the Canadian Tax Foundation, Jiani Qian examines the tax rules surrounding home office expenses.
The global COVID-19 pandemic has created unprecedented uncertainty and significant operational challenges for many middle market businesses.
Here’s a workforce disruption guide for business leaders on adapting and developing best practices for navigating these uncertain times.
For many businesses, surviving the COVID-19 economic downturn depends on managing liquidity and enterprise cash.
These seven business interactions can be conducted remotely, in many cases with technology companies already have, even during this pandemic
Can the Canada Emergency Wage Subsidy help people hold on to their jobs and keep business afloat? Our professional shares insights.
How can commercial real estate businesses flourish amidst the crisis and triage their businesses? Watch the recorded Bisnow webinar.
Volume 5 presents the impact COVID-19 has had on the Canadian economy and why economic recovery may take longer in Canada.
As COVID-19 continues to disrupt the global economy, this report shines a light on how deeply it impacts Canada and its business community.
RSM and Preqin discuss environment social governance and the impact it has on the decision-making process for real estate investment.
As is the case with most industries, the COVID-19 pandemic has quickly changed the commercial real estate landscape across Canada.
Read insights from the PE community on managing portfolio company cash flow, assessing operational threats and planning the next M&A move.
Our professionals examine whether employees can deduct home office expenses and the required supporting documentation amid the pandemic.
The federal government has announced several updates to its measures in response to the economic fallout from COVID-19. Here's what to know.
A transformation is required in the current environment—and management must show the way.
Business owners should evaluate these short, middle and long-term tax considerations to address the numerous challenges posed by COVID-19.
Companies are increasingly focused on alternatives to normal business operations for generating cash flow during a liquidity crisis.
In addition to addressing the operational impacts of COVID-19, entities should consider how it affects their financial reporting.
We have received a number of questions from our clients related to the Temporary Wage Subsidy and the Canada Emergency Response Benefit. Click download to access the provided links that will help
The Action Plan is part of the March 2020 Economic and Fiscal Update to support Ontarians through the COVID-19 crisis.
Alberta becomes first province rule that the Greenhouse Gas Pollution Pricing Act is outside the federal government's legislative scope.
Steps to withstanding coronavirus include conservatively projecting short-term cash flow and communicating with employees and lenders.
We have assembled links in one convenient place summarizing responses by Canada's largest banks and lenders. Click download to find links from our financial partners.
Owners look to commercial insurance policies to see if coverage gives relief for loss of profit and extra expenses incurred in the outbreak.
A substantial economic stimulus package is needed to address the short-term liquidity crunch and longer-term challenges caused by COVID-19.
With the CUSMA trade agreement changes coming into effect soon, importers should take this opportunity to review their import process.
Midsize companies can take three important steps to safeguard against emerging phishing scams in the wake of COVID-19.
This article shares insights for businesses to help overcome delays and stoppages caused by COVID-19 in their supply chain operations.
On March 4th, 2020 Bill 145 – An Act to amend the Real Estate and Business Brokers Act, 2002 received Royal Assent. Click download to view more information about the ability to incorporate real ...
Businesses around the world are dealing with the spread of the coronavirus. Is your business prepared? Here are 5 things you can do.
RSM’s chief economist identifies three immediate considerations for midsize businesses amid coronavirus supply disruption.
The Canada Revenue Agency stated that a functional currency filer’s FX gain on refund are on account of capital.
Strong risk governance and internal control practices can be a key component in building trust between external stakeholders and NPOs.
Without careful tax planning, taxpayers may be caught off guard with a tax obligation that they do not have the resources to pay.
This edition discusses cyber security, credit scores, business identity theft, & tax ethics.
RSM Canada’s Curtis Dorfman contextualizes recent changes to IFRS 3 for real estate companies and investors specific to financial reporting.
Audit readiness shouldn’t be an afterthought of an acquisition. Being well prepared minimizes financial risks to your private equity firm.
Our authors summarize FCA’s decision on the calculation of safe income, specifically, the consideration of taxes accrued but not yet paid.
This edition of Tax, Tips & Traps discusses: Adoption Expenses, Motor Vehicle Expenses, Employment Expenses, Travel Expenses, CPP/EI Rulings, Tax on Split Income, Mobile Homes, RV Parks, ...
Board oversight into the financial results is an important element to ensure appropriate use of funds and prevention of fraud.
Our author discusses common mistakes that businesses make when succession planning and how a shift in approach is necessary for success.
Our authors highlight tax rules that businesses often overlook during cross-border debt financing via shareholder loans.
A recent case signals how opting to annul versus rectify an error may affect the outcome, cost and timeliness of the tax dispute process.
Professional services firms are under tremendous pressure to gain and maintain competitiveness amid new and evolving trends.
This edition discusses the following topics: Cannabis Legislation & the Workplace, How Professionals & Business Owners Can Supersize Their Retirement Savings, Should I move to the Cloud? ...
This edition of Tax, Tips & Traps discusses: Taxable Benefits, Property Flipping, Unclaimed Bank Deposits, Protecting Your Tax Info, Sibling's Corporation Loans, Employment Expenses, & ...
This edition discusses the following topics: Performing Transactions Online: Why Should You Care About Your Health Care Spending Account?, Workplace Accommodations: Choosing to See Ability in ...
This edition of Tax, Tips & Traps discusses: Special Work Site Allowance, Reimbursement for Work Clothing, Zero-Emission Vehicles, Anxiety, Depression & Phobias, Workers Compensation, ...
This edition discusses the following topics: Performing Transactions Online: Know What's Happening to Your Data, Top Five Small Business Legal Mistakes, Building a Secure Future - Supporting ...
This edition of Tax, Tips & Traps discusses: Home Buyer's Plan (HBP), First-Time Home Buyer Incentive, Sauna & Hydrotherapy Pool, Video Legacy, Old Age Security (OAS) Deferral, GST/HST ...
This edition discusses the following topics: Common Financial Guidelines for Planning your Retirement, Diversity & Inclusion: Proven Returns for Innovation and Business Performance, Privacy ...
On Tuesday, March 29th, 2019 the Federal Budget was released. Click download to view the full 2019 Federal Budget Commentary.
This edition discusses the following topics:, Tax Changes for 2018/2019, The SCARF Model: Brain-Based Ideas for Collaborating with Others, Will I or Won't I?, AND Strategies to Help ...
Anyone receiving or reading auditor reports will notice some significant changes in the near future. New standards are effective for audit reports issued on financial statements for periods ...
This edition of Tax, Tips & Traps discusses Childcare Costs, Travel Expenses, Hacked Customer Data, Accelerated Depreciation, Federal Carbon Tax, and Canada Pension Plan (CPP) Changes.
This edition discusses the following topics: The Path to Automation, Bartering, the Internet & Taxation, The High Cost of Equipment & Vehicles, and Eight Reasons Clients Leave - and How ...
This edition discusses the following topics impending changes to CPP, maintaining safety in the workplace, self-directed investments & the high cost of stress.
This edition of Tax Tips and Traps discusses Retaining Employment Insurance (EI) Benefits, Director's Liability, Tax on Split Income (TOSI) & more.
This edition of Tax Tips and Traps discusses Subsidized Meals, Employer-Sponsored Social Events, Personal Use of Business Aircraft, Directors & more.
This edition discusses some interesting topics related to Complacency, Electronic Signatures, TFSA Planning and Being in Control.
This edition discusses some interesting topics related to Managing Your Cash Flow, Better Ways to View Computer Screens, Company Websites and Common-Sense Strategies to Protect Your Business from
This edition discusses some interesting topics related to New 2018 CRA Allowances, 3D Imaging, Training for the Future and Age Management.
On Tuesday, February 27th the 2018 Budget Commentary was released. Click download to read the 2018 Budget Commentary.
This edition discusses some interesting topics related to Record Keeping, Looking Beyond Disability, Value Billing and Projecting Your Image.
How taxes are applied to an investment can make an incredible difference. This calculator is designed to help compare a normal taxable investment to two common tax advantaged situations: an ...
A Registered Retirement Income Fund (RRIF) is a plan designed to provide Canadians with a constant income flow through retirement. The property under a RRIF is created from a transfer of funds ...
This calculator helps determine your loan or line payment. For a loan payment, select fixed-term loan. For a credit line payment, you can choose 2%, 1.5% or 1.0% of the outstanding balance or ...
Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different ...
The value of your savings can be affected by both taxes and inflation. Use this calculator to determine how much your savings will be worth with this in mind, plus get more information and a ...
What might it take to save one million dollars? This financial calculator helps you find out. Enter in your current savings plan and graphically view your financial results for each year until ...
Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe. If you owe more than you own, you have a ...
Let us help you balance your checkbook. First tell us the ending balance on your statement, then enter all of your outstanding checks and deposits. If your checkbook register matches our ...
Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by ...
Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. The Home Rent vs. Buy calculator helps you weed through the fees, taxes ...
How much interest can you save by increasing your mortgage payment? The mortgage payoff calculator helps you find out.
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Use this calculator to help you determine how long your investment savings might last. Enter your current savings plan in the contributions section of the calculator, and your withdrawal needs in
Low, promotional interest rates can save you a great deal of money when you finance your car or truck. Not only are your monthly payments lower, but your total interest payments can be ...
How taxes are applied to an investment can make an incredible difference. Starting in 2009 all Canadians 18 and older have a new option to save where all earnings and withdrawals are tax free. ...
Many experts believe that long-term investment success is more a function of how assets are allocated among asset classes rather than the individual securities in which they are invested. This ...
Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home. The more your home is ...
Should you lease or buy? Use this calculator to find out! We calculate monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.
Planning a sabbatical? Saving for a down payment on a house? What will it take to reach your financial goal? This calculator helps you find out. Enter in your savings plan and view graphically ...
Even a small difference in the interest you are paid on your savings can add up over time. Use this calculator to see how different savings rates can impact your savings strategy! This calculator
How much you need for retirement depends a great deal on how long you expect to live. This calculator can give you an idea of your life expectancy based on your current age, smoking habits, ...
Determining which loan provides you with the best value involves more than simply comparing monthly payments. Use this calculator to sort through the monthly payments, fees and other costs ...
How much life insurance do you need? Enter your current assets, expenses and income. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact ...
Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nest egg should be.
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Call us at 1 (855) 363-3526 or ...
How long will it take to break even on a mortgage refinance? Use the mortgage refinance calculator to sort through a multitude of factors including your current interest rate, the new potential ...
Use this mortgage calculator to determine your monthly payment and generate an estimated amortization schedule. Quickly see how much interest you could pay and your estimated principal balances. ...
What will it take to reach your investment goal? Use this investment goal calculator to determine how much your investment might grow before taxes, after taxes and after taxes and inflation. It ...
Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loan ...
An RRSP loan can be an excellent way to jump start your retirement savings. Use this calculator to see how an RRSP loan could help you in your retirement savings plan.
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Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better. Use this calculator to help develop or fine-tune your ...
Should you lease or buy your car? Use this calculator to find out! We calculate your monthly payments and your total net cost. By comparing these amounts, you can determine which is the better ...
This calculator shows you possible savings by using an accelerated biweekly mortgage payment. Biweekly payments accelerate your mortgage payoff by paying 1/2 of your normal monthly payment every ...
Consistent investments over a number of years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put ...
Use this calculator to help analyze your budget as a full-time student. This calculator is specifically designed to help students understand their expenses and income while attending a ...
Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do
Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term.
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One of the most common causes of income loss is through a disability. While most disabilities cause only temporary loss of income, any income loss can be devastating if you are not financially ...
Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an ...
The first step in buying a house is determining your budget. The mortgage qualifier calculator steps you through the process of finding out how much you can borrow. You can calculate your ...
Determining which mortgage term is right for you can be a challenge. With a shorter 15-year mortgage, you will pay significantly less interest than a 30-year mortgage - but only if you can afford
Consolidating your debt is only half of the battle. You still need a plan to get your debt paid in full. This calculator can show you how to accelerate your debt payoff. The process is simple; ...
Getting a consolidation loan can do more than payoff your debt. You can create a sizable nest egg by investing all or a portion of your monthly payment savings. After a few years the results may ...
