Tax Tips & Business Matters

08/21/2019

Tax Tips & Traps No.127

TAX TICKLERS... some quick points to consider

- CRA's limited review of corporate tax return projects have a reassessmnet rate of approximatley 40% In the past few years, these projects have focused on areas such as automobile expenses, professional fees, travel, and eligibility for the small business deduction.

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08/03/2019

Business Matters Volume 33 Issue 4

Why Should You Care About Your Health Care Spending Account?

Families may not realize that they have a great opportunity to significantly reduce the cost of medical treatments and therapies through a health care spending account (HCSA). These accounts are not well understood and, if available, are typically underutilized due to lack of awareness of how they can help.

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06/03/2019

Business Matters Volume 33 Issue 3

TECHNOLOGY

Performing Transactions Online: Know What's Happening to Your Data

Online purchasing transaction security is not absolute. There are not really "safe" and "unsafe" options anymore, meaning only alternatives remain that have varying degrees of security. However, understanding how your data is stored and used is an important first step.

 

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05/24/2019

Tax Tips & Traps No.126

TAX TICKLERS... some quick points to consider...

- Guidance from the Government of Canada on the new CPP regime, with a specific focus on the age to start your CPP retirement pension is now available. The website provides commentary on changes commencing in 2019, estimating future receipts, and determining past contributions. It also contains an explanatory video and links to the Canadian Retirement Income Calculator.

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03/19/2019

Business Matters Volume 33 Issue 2

WEALTH MANAGEMENT

Common Financial Guidelines for Planning Your Retirement

Preparing for retirement can be a very stressful experience, with so many factors that you need to consider. How much money will I need to maintain my standard of living? How much will I want to travel? How long will I live? What if I outlive my money?

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02/22/2019

Business Matters Volume 33 Issue 1

TAXATION

Tax Changes for 2018/19

Whether you prepare the returns yourself or have them prepared by your CPA, it's almost time for all Canadians to be gathering their paperwork together for their 2018 personal tax returns. So, what changes for 2018 might affect your business? And, what other tax changes are coming into effect in 2019?

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01/17/2019

Tax Tips & Traps No.125

TAX TICKLERS... some quick points to consider...

- The annual TFSA contribution limit for 2019 will be increased to $6,000 (from $5,500) due to indexation. For those who have been eligible to build contribution room since inception of the program in 2009 and have never contributed, the total maximum room as of January 1, 2019 is $63,500.

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12/28/2018

Tax Tips & Traps - Yearend Special

YEAR-END TAX PLANNING

December 31, 2018 is fast approaching... see blow for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation.

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11/08/2018

Business Matters Volume 32 Issue 5

Taxation

Impending Changes to CPP

In 2018, many owner-managers across Canada chose to adjust staff levels, wages and prices when the minimum wage was increased. For many, it is still to early to determine the final impact on the corporate bottom line as a full fiscal year has not been completed.

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10/17/2018

Tax Tips & Traps No. 124

This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy!

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