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.
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.
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 ...
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 ...
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
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.
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 ...
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, ...
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.
Let's Talk!
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 ...
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.
This edition of Tax Tips and Traps discusses Income Sprinkling, Input Tax Credits, Loans to a Relative's Business & more.
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.
Let's Talk!
Call us at 1 (855) 363-3526 or fill out the form below and ...
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
This edition discusses some interesting topics related to New WSIB Rules, RRSP's, WhatsApp and Financial Statements.
On November 14, 2017, the Government of Ontario released its economic update. The update contained an important change to the funding of apprenticeship training in Ontario. For many years, ...
This edition of Tax Tips and Traps discusses Business Loss or Personal Venture, Guaranteed Income Supplement, Charity Filing and Compliance Obligations, Dying Without a Will & more.
This edition discusses some interesting topics related to Investing for Retirement, Small Business and the Canada Revenue Agency, Using Technology for Gain and Jet Lag.
This edition of Tax Tips and Traps discusses Tax for Private Corporations, Employee Discounts on Merchandise, Death Benefits, Withholding's on Remuneration to Non-Resident & more.
This edition discusses some interesting topics related to the Income Tax Rules, Low Interest Rates, Pricing Your Product or Service and Energy Savings.
This edition of Business Matters discusses some interesting topics related to the pending revision of Canada’s marijuana laws, Shoplifting, the Tax Refund Myth and WiFi.
This edition of Tax Tips and Traps identifies changes to Employment Insurance,Income tax and GST/HST obligations & more.
Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017- 18,
Develop a strategy for distributing earnings and reducing corporate income
taxes.
For most owner-managers, their goal is to create personal wealth through the
operation of a successful ...
The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next
couple of years: attempted efficiencies, closed tax loopholes, steady deficits, and a ...
This edition of Tax Tips and Traps identifies changes to reporting, requirements for deduction, taxable benefits and more
This edition of Business Matters discusses important changes beginning in 2016, working offsite, motivation and meeting face to face.
Using a vehicle for both personal and corporate use can have unique tax consequences. Learn what they are in this issue of Business Matters while exploring; developments in data storage, the ...
December 31, 2016 is fast approaching… click for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation.
Looking to grow corporate profits? Look beyond revenues for profit growth in 2017. We consider this and more in October’s issue of Business Matters. Explore; technology as a tool to look after ...
Interested on how your business stacks up the industry? This edition of Tax Tips and Traps identifies how you can compare performance at a high level using Stats Canada. It also covers the tax ...
This quarters Tax Tips and Traps reviews the details of the new Liberal Government’s Canada Child Benefit. Also review changes to life insurance taxation and the use of small business deduction limits.
In August we take a look at the importance of strategic planning for management. We also take some time to consider the importance of clean record keeping for CRA audits, the health implications ...
June’s issue of Business Matters looks at the tax implications of the new Liberal Government. We also look into must have business apps, workplace literacy, and protecting your future with ...
Have you received a call from the CRA of late? Be aware of recent scamming activity. Fraudulent CRA collections agents have been calling Canadians and demanding payment for tax debts. Learn how ...
This issue of Business Matters looks at several insightful tips for business owners and managers including; the advantages of investing in video surveillance, being prepared for unexpected death,
Check out our latest publication of Business Matters for information on the incorporation process, the tax implications of CROWDFUNDING, effective communication techniques for managers, and the ...
The first quarter of Tax Tips and Traps offers insight into the impact on tax rules from the new Federal Liberal Government. Learn about the new home accessibility tax credit, how the CRA selects
The end of the year is a great time to review your personal investment strategy. The final issue of Business Matters for 2015 will review that and several other tax, technology, and money saver ...
As the year’s end approaches, it might be a great time to consider some quick points. Consider e-filing personal tax returns; which can take 1.6 weeks on average to turn around. Also learn about ...
Looking to protect yourself from income tax scams? This issue of Business Matters will review some practical strategies to protect yourself for circulating scams. Also learn; how to manage fleet ...
Do you have a plan for retiring from your business? There is a lot of value to be realized through the the succession planning process. The second quarter of Tax Tips and Traps provides some food
Our latest publication of Business Matters reviews the cost of delaying retirement savings for young people. We also take a look at the lease or buy decision, apprentice job creation tax credits,
February’s issue of Business Matters looks at interesting topics in income tax fraud, the risks associated with USB use, preparing your personal affairs for executors, and some interesting ...
The first quarter of Tax Tips and Traps will offer several insights for individuals and organizations alike. The new, non-refundable credit or Family Tax Cut takes effect on your 2014 return. ...
