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The Latest COVID-19 Updates For Your Business [March 2021]

The Latest COVID-19 Updates For Your Business [March 2021]

Good news from Ottawa: the government will provide interest relief for people who accessed COVID-19 programs last year. Anything to make your life a little less taxing right now is a win. We’ve summarized the news below and other recent COVID-19-related updates that could help you and your business. For up-to-date information on government programs, … Read more

BC’s switch back to PST Transition Rules

It’s probably not news to you, but the HST, which is a combination of a 5% federal component and a 7% provincial component, will be replaced by the Goods and Services Tax (GST) and a B.C. provincial sales tax (PST) on April 1, 2013, subject to some transitional rules.

Year-End Tax Decisions

December 31 is the deadline for several important tax-management decisions. Year-end tax planning can ensure you don't lose these opportunities to keep more money in your pocket.

Squeeze the Most Out of Your RRSP

Most taxpayers are thankful to just having the opportunity to shelter some income in an RRSP. They usually make their once-a-year installment – immediately before the last minute deadline on March 1. Then they forget about it until the next year’s deadline rolls around. That’s way better than doing nothing, but an investment as important … Read more

Reap Tax Benefits From Worthless Investments

Reap Tax Benefits From Worthless Investments

Review your portfolio of non-registered investments with a view to possible tax-loss selling. This involves selling losers prior to year-end to achieve a tax loss that can offset capital gains incurred this year and/or possibly in past or future years.

Ontario Trillium Benefit

Ontario Trillium Benefit

The Ontario Trillium Benefit started in 2012 with the first payment being sent in July. The Ontario Trillium Benefit combines the following credits into one monthly payment: 1. Ontario Sales Tax Credit
2. Ontario Energy and Property Tax Credit
3. Northern Ontario Energy Credit If you are eligible for any of these credits, … Read more