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Suspended Losses for Corporations, Trusts and Partnerships

By Nizam Shajani, CA, MBA November 20, 2020 While losses in your corporation, trust or partnership are undesirable from a conventional perspective, they can be valuable from a taxation standpoint. This is because depending on the type of loss incurred, it may result in lowering your tax obligation or even garnering a refund. However the…

COVID-19 Federal Benefits and Supports – CERB (Update from April 16th)

April 16, 2020 By Nizam Shajani, CPA, CA, MBA The government has announced changes to the Canada Emergency Response Benefit (CERB). In addition to have stopped working due to COVID-19, the benefit is now extended to those who earn up to $1,000 per month, to seasonal workers who have exhausted their EI regular benefits and…