Last updated: Mar. 4, 2022
Last week Alberta Finance Minister Travis Toews tabled the province’s fiscal 2022-23 budget. Budget 2022 focuses on moving Alberta forward by allocating spending towards building health system capacity and getting Albertans back to work. However, the biggest revelation of Budget 2022 is the announcement of a balanced budget for only the … Read more
Last updated: Feb. 28, 2022
The Department of Finance Canada recently announced that automobile leasing and mileage reimbursement and Capital Cost Allowance (CCA) limits have increased, as of January 1 2022. These changes reflect recent increases in the Consumer Price Index (CPI). The changes announced are summarized as follows. Capital Cost Allowance for Passenger Vehicles The before-tax … Read more
Last updated: Feb. 26, 2022
By the time Matthew Clayton was 25 years old, he was self-employed as a rental property owner and owned up to 20 houses in Regina, Sask. He already possessed the entrepreneurial spirit and work ethic that would help him start and run the successful company he still owns today – Duke … Read more
Last updated: Feb. 25, 2022
Many business owners don’t know what deductions they can claim, or how important it is to keep their personal and business finances separate. They don’t have time to keep track of all the rules and CRA regulations, so sometimes they end up making mistakes that cost them precious time, and … Read more
Last updated: Jan. 23, 2022 If you’re self-employed or a small business owner, getting ready for tax filing can be daunting. You already have a lot on your plate from running your business. And you need to keep on top of deadlines and tax changes, and hunt down your receipts, slips and other documents. We … Read more
Last updated: Jan. 14, 2022
The Canada Emergency Business Account, now closed for applications, provided interest-free loans of up to $60,000 to small businesses and non-profits. NEW: The repayment deadline for CEBA loans to qualify for partial loan forgiveness has been extended a year – from December 31, 2022 to December 31, 2023 – for … Read more
Last updated: Jan. 6, 2022
Update: The federal government has announced that it will be expanding eligibility for the Canada Worker Lockdown Benefit (CWLB). Affected Canadian workers in designated lockdown regions can now apply for CWLB starting December 30th, 2021. Please see below for more details and eligibility criteria. For more information, please read our … Read more
Last updated: Jan. 5, 2022
Bill C2 received Royal Assent in Parliament, passing legislation for the recently proposed extensions to individual and business COVID-19 support programs.
We provide a summary of these programs here and will update as more information comes available. Canada Worker Lockdown Benefit The Canada Worker Lockdown Benefit (CWLB) gives temporary … Read more
Last updated: Jan. 5, 2022 After three generations of running a maple sugar bush and custom crop farm, the Palmateer family thought they’d seen it all – then COVID-19 hit. With no in-person sap season events or annual pancake breakfast weekends to help promote their Palmateer Maple Syrup, they found themselves facing an unprecedented challenge … Read more