Personal Tax Organizer Download This information is for discussion purposes only and should not be considered professional advice. There is no guarantee or warrant of information on this site and it should be noted that rules and laws change regularly…
The 2022 tax filing season is now here, and you should be getting ready to file your 2021 personal taxes. Due Dates Generally, your personal tax filings for the 2021 year are due by April 30th, 2022, however since this…
Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. February 15, 2022 - January payroll remittances due February 28, 2022 - T4 filings due February 28, 2022 - T5 filings due…
With an aging population, more and more Canadians are finding themselves in need of assistance in managing their financial affairs. A power of attorney for property allows a person of your choosing to exercise financial decision making when you are…
A transition into retirement should be accompanied by an income plan for this phase of life. A good understanding of taxes in retirement will facilitate tax saving strategies. A retirement income plan should be planned to pay less tax, maximize…
Retirement savings strategies for small business owners need to evolve with the changing tax landscape. The 2018 federal budget may have significant impacts on the corporate tax rate charged to businesses with a new claw back rule on the small…
An RRSP contribution is most tax advantageous if made during your highest earning years and withdrawn in your lowest earning years. Otherwise, a TFSA may provide the better investment vehicle from a tax perspective. So when should you invest in…
Keeping your books in order is essential to good financial management and necessary to comply with the CRA demands for information. However, in many instances there is not a cost benefit to subscribing to bookkeeping software for smaller entities. For…
If you own your own business, it is important to plan how you get paid while keeping in mind a holistic goal to minimize tax, maximize after tax cash, budget wisely and plan for retirement. Remuneration Remuneration considerers how an…
The Commissioners of Inland Revenue v. His Grace The Duke of Westminster is a 1936 case that has become infamous for the orbiter often quoted from the appeal court justice Lord Tomlin who famously said “every man is entitled, if…