Today the Federal Government provided the Economic Update. Here are some interesting items to note as follows; Some Statistics That...

It's middle of November and tax planning time has come. Why you may ask? Most items in the Income Tax Act are to be completed on a...

Deficit Spending The government’s fiscal plan involves a record $187 billion in expenses, with $30 billion specifically in...

Introduction Many new businesses and old businesses are failing in these aggressive economic times. The old saying " most businesses will...

Many people wonder whether it is better to lease or buy assets? The determination of which method is more beneficial is often difficult....

Many small businesses are under capitalized. This means that the owners have ventured into business without sufficient resources to...

If you're using a gloried or basic tax service that markets like they are pro's and doesn't deliver here is a article for you. From...

The RRSP maximum for 2020 is $27,230 less PA (Pension Adjustment) (Thus, your 2019 earned income (see below) needs to be $151,278 to...

Limited Liability  In many situations the primary reason for incorporating is the advantage of limited liability. A corporation will...

#CEWS extended through to the end of Summer 2021 per the speech from the throne. Other need-to-knows are as follows: automatic tax return...

Small businesses are the backbone of our economy but they continue to face economic challenges and uncertainty during the COVID-19...

The deadline for most individuals to file their 2019 taxes has been extended to June 1, 2020. The deadline to pay amounts owed has also...

The Canada Mortgage and Housing Corporation (“CMHC”), the Crown Corporation responsible for administering the Canada Emergency Commercial...

This afternoon, the Federal Finance Minister announced at 2:40 pm that details concerning the recent "75% wage subsidy for businesses"...

Here are the TFSA contribution limits PER year: 2009-2012: $5,000; 2013-2014: $5,500; 2015: $10,000; 2016: $5,500; 2017: $5,500; 2018:...

On January 1, 2020 tax and legal changes occurred that are important to properly plan your affairs. I have provided the top 11 items so...