by cpiwebdesign | Apr 2, 2020 | Accounting & Assurance, Business Advisory, Taxation
On April 1, 2020 Minister of Finance, Bill Morneau provided further details on the Canada Emergency Wage Subsidy (“the Subsidy”), as follows: The Subsidy is available to businesses, both large and small, not-for-profit organizations and charities. The...
by cpiwebdesign | Jan 21, 2019 | Accounting & Assurance, Business Advisory, Taxation, Uncategorized
In order to facilitate the accurate preparation of your 2018 T4 information returns, we are pleased to enclose a summary of significant taxable benefits that may apply to your employees. Click Here to view the Summary It should be noted that, as mentioned last year,...
by cpiwebdesign | May 25, 2018 | Accounting & Assurance, Business Advisory, Taxation
Tax Planning Update – U.S. Closer Connection, Form 8840 U.S. tax rules contain a mathematical formula to determine tax residency. This formula involves counting the number of days that you are physically present in the U.S. over a three-year period. This...
by cpiwebdesign | Dec 22, 2017 | Accounting & Assurance, Business Advisory, Taxation
On December 13, 2017, the Department of Finance released revised draft legislation which simplifies the income sprinkling proposals first announced on July 18, 2017. The legislation will likely be enacted as part of the 2018 Budget process, but is intended to apply as...
by cpiwebdesign | Aug 21, 2015 | Accounting & Assurance, Business Advisory, Taxation
What is a “Professional Corporation”? A professional corporation is a corporation that provides professional services and that is regulated by a governing professional body such as the Law Society of Upper Canada or the College of Physicians and Surgeons...
by cpiwebdesign | Feb 4, 2015 | Accounting & Assurance, Business Advisory, Taxation
In order to assist you with your 2014 and 2015 tax planning, we are pleased to provide you with the following information in connection with Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA) as follows: RRSP The maximum contribution limit...
