Tax Tips & Business Matters
09/01/2022
Quarter 3 Planning
September.
A fresh start and a new routine. Time to get some of those items back on the to-do list now that summer is over - like your bookkeeping! We’re entering the end of Q3 and now is a good time to go through your records and see if there is anything that needs to be done that was put to the wayside for the past couple of months.
It might be something that you dread, but sometimes the hardest part is getting started. Don’t think of the whole staircase, just the step in front of you. If you need help climbing, give us a call.
08/05/2022
Business Matters Volume 36 Issue 4
An economist explains: What is inflation?
David-Alexandre Brassard, CPA Canada's chief economist, explains the cause of rising prices and how you can reduce its impact.
Inflation is something that everybody is talking about and while we all understand its impact on our wallets, it can be hard to understand exactly what it is.
06/02/2022
Business Matters Volume 36 Issue 3
Government programs to support first-time home buyers.
One of the key focus areas in the 2022 federal budget (Budget 22) was to improve housing affordability, particularly for first-time buyers. Here is a summary of the new initiatives proposed in budget 22, and the existing government programs to support first-time home buyers.
05/20/2022
Tax Tips & Traps Issue No 138
Tax Tidbits
Some quick points to cinsider...
- The luxury tax affecting new vehicles and aircraft retailing for more than $100,000 and new boats over $250,000 has been rescheduled to commence on September 1, 2022.
- The office of the Auditor General of Canada noted that $3.7 billon of overpaid COVID-19 benefits had been identified.
- The program that has offered purchase incentives of up to $5,000 for zero emission vehicles since 2019 is proposed to be extended until March 2025, and eligibility would be broadened to include other vehicle models, including more vans, trucks ans SUVs.
- For 2018 and 2019, the CRA audit hit rate (percentage of autdits resulting in an audit adjustment) was close to 60%.
04/11/2022
Business Matters Volume 36 Issue 2
First-time car buyer? Here's what you should be budgeting for
Experts weigh in on what vehicle ownership entails, including maintenance and unexpected expenses.
Purchasing a car for the first time can be both exciting and overwhelming at the same time. Thinking about the type of car, colour, and features you want are all fun decisions. But it's important to leverage the financial expertise of CPAs and other professionals to shed light on both the expected and unexpected costs of car ownership to help you make an informed decision.
02/16/2022
Business Matters Volume 36 Issue 1
Changes to federal COVID-19 support for individuals and businesses
With much of Canada returning to a modified lockdown due to the spread of the Omicron variant of COVID-19, the federal government has enhanced and extended some of its support programs for individuals and businesses.
01/24/2022
Tax Tips & Traps Issue No 137
Tax Tidbits
Some quick points to consider...
- The annual TFSA limit for 2022 remains at $6,000. As such, if an individual has never contributed and has built room since the program's inception in 2009, up to $81,500 can be contributed.
- Employees working from home in 2021 due to COVID-19 pandemic will again have the optionto claim a deduction against their employment income using the temporary flat rate method. the maximum claim will increase to $500 from $400 in 2020.
12/10/2021
Business Matters Volume 35 Issue 5
Return to work raises crucial legal questions for organizations
Reviewing and updating workplace policies are a key priority for employers.
As employees return to the workplace, there are many questions around legal ground rules for employers. Adding to the challenge is the fact that there are few, if any, legal precedents to guide organizations in these unprecedented times. "There's not a lot of clarity at this point," says Emily Siu, a lawyer at the SpringLAw employment law firm in Toronto.
12/10/2021
Tax Tips & Traps - Year End Special
YEAR-END TAX PLANNING
December 31, 2021 is fast approaching... see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation.
10/18/2021
Business Matters Volume 35 Issue 4
Ask the right questions when hiring virtually, pros say.
With remote interviews, many of the cues you would normally use to read a person are lacking. But there are still tactics you can use to help make the right choice.
Even in normal times, selecting the right candidate for a postition can be challenging. But, for many organizations. COVID-19 has made the process even more difficult by requiring employers and candidates to adjust to remote interviews that lack the kind of human connection - including direct eye contact and collegial handshakes - that in-person exchanges can bring.
| Previous | 1 | 2 | 3 | 4 | 5 | 6 | Next |