Dear clients, On April 29th Shajani was on the receiving end of a phishing attack in which our team clicked on an attachment within an email that they should not have. This resulted in several of our contacts receiving similar…
On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax…
Sole proprietors do have planning opportunities to minimize their taxes. This includes using start-up losses against other personal income as well as considerations of timing of acquiring business assets and income spitting opportunities. Tax planning is an ongoing process that…
This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy! TAX TICKLERS… some quick points to consider… In 2021, four special payments to recipients of the…
Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. March 15, 2021 - February payroll remittances due March 30, 2021 - Trust filings due March 31, 2021 - Fiscal year end…
By Fahad Suleman, CPA Benefits: An employee has received a benefit if an employer pays for or gives something that is personal in nature directly to one’s employee or to a person who does not deal at arm’s length with…
The following is taken from the CPA Series on Financial Literacy Acquire tax smarts Contrary to popular belief, the Canada Revenue Agency, or the CRA, does not create tax law, nor are they the final and absolute word when it…
The following is an extract of chapter 4 of the paper ‘A critical analysis of the revised interpretation of section 84(2) and the impacts on pipeline planning in estates, trusts and reorganizations resulting from MacDonald’ written as part of the…
A personal directive is a document that provides instructions for the personal care and/or health care decisions by the person who makes the directive. The instructions in this document are often referred to as a living will and appoint a…
Section 86 allows for the exchange of shares within a corporation. Corporations are permitted to exchange all of the class of shares for an entirely different class of chares through this section without incurring a tax liability for the corporation…