The Alberta Jobs Now program is the largest jobs and training program in Alberta’s history that could provide your organization with a subsidy of 25% to 37.5% of your new employee’s salary. Private sector businesses and non-profit organizations can apply…
A strategy for investing may include using pre-tax dollars to purchase an investment. Investing in real estate in your corporation is cost effective and allows you to purchase a larger property when considering the after-tax investable dollars. Generally, $100,000 earned…
In addition to all the benefits spoken about in our blog post “Benefits of Incorporating”, We would like to focus on certain other factors that should be considered when one is deciding to incorporate. Advantages of Incorporation: Limited Liability: Liability…
The CRA has reminded individuals to file their 2020 personal taxes even if it is past the April 30, 2021 deadline. They highlighted some good reasons for doing so, including the following: • You may be eligible for a refund…
As a taxpayer in Canada, you have rights that extend the right to pay tax. The Taxpayer Bill of Rights was introduced in 2007 to increase accountability and transparency by the CRA. The document outlines sixteen rights and provides a…
What is a QuickBooks ProAdvisor? A QuickBooks ProAdvisor is a person, typically a CPA or an accounting technician, who completed the course, took the test and became certified in QuickBooks. There are different types of certifications one can apply for,…
The Kruco case is a pivotal case in the determination of safe income available for a tax free intercorporate dividend from a subsidiary to its parent company. The CRA’s inconsistent position on this has been interesting. The following is taken…
This is an excerpt from a paper written for York University Faculty of Law. Dividends from a subsidiary corporation to its parent corporation are often though to be tax-free – however this is not a safe assumption. The simple movement…
One intent behind the preparation of a will should be to ease the administration of your estate. Your solicitor should have a clear understanding of your obligations because in addition to creditors for debts of the deceased and the estate,…
The formalities of creating a valid trust and a valid will should not be underestimated. Oftentimes the statute of frauds or wills legislation applies where the formalities are not met. Courts of Equity generally look to a person’s intentions rather…