Monthly Archives: August 2021

Please note the following important dates are estimates only.  Please confirm your deadlines directly with your professional advisor. September 15, 2021- August payroll remittances due September 30, 2021- Fiscal year end June 30th, 2021 tax payments due September 30, 2021          – Fiscal Year end March 31st, tax filings due September is a great time to…

“Give a child a fish and she will eat for a day.  Teach a child to fish and she will eat for life.” – Anon. Teaching your kids about money at an early age builds a foundation for the knowledge, skills and confidence they need to make appropriate financial decisions for the rest of their…

Administering payroll within an organization must be done diligently, requiring accuracy and timely processing.  Both your employees and the government will need to be paid on time and for the right amount.  While a business has many components that require the business owner’s attention, payroll is considered in law an area of trust and necessitates…

Using a professional accounting firm to prepare your financial statements and tax returns is always a good idea, however when considering what firm to use, there are some areas to consider that set some firms apart from others. Knowledgeable Regular professional development as an individual and throughout the organization is built into the culture of…

CRA will issue T4As to COVID-19 CERB and CRB recipients Canadians will begin receiving T4A slips from the CRA for these benefits to support their tax filing. The T4A is virtually identical to the T4 slips Canadians are used to receiving from their employers, but rather than employment income, they provide the amounts of COVID-19 benefits received…

Surplus stripping is back in the news with recent changes to legislation.  This makes it imperative to understand past court decisions on this matter.  Surplus stripping allows a taxpayer to receive funds that that have been earned by a corporation and subjected only to the corporate tax rates, without paying the personal dividend tax rate. …

Generally, probate fees are not be a planning priority in Alberta because fees are nominal (ranging from $25 to $400).  However, if an individual who lives in Alberta and has property in another province (or outside of Canada) or is planning to move to a province (or country) that imposes higher probate fees, some consideration…

As we gear up for back to school for the little ones, it is important to prepare for the years after graduation.  If you anticipate your children will attend post-secondary education, planning for this costly period should be done years in advance.  And done correctly, this will save you tax dollars. Registered education savings plans…