Tax Tips & Business Matters
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.
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.
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.
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?
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?
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.
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.
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.
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!
08/16/2018
Tax Tips & Traps No. 123
TAX TICKLERS....some quick points to remember....
- A large amendment to a T4 slip may trigger a payroll audit. Ensure that T4 slips are as accurate as possible at the outset.
- CRA may request taxpayer information from third-parties. A recent project using third-party data identified $86 million of unreported income and attracted over $19 million in additional taxes. CRA stated additional projects began in late 2017.
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