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 | Feb 26, 2018 | Taxation
The 2017 U.S. tax return for an individual; Form 1040 is due on April 17th, 2018. However, if a U.S. tax person is out of the U.S. on April 18th, the filing due date is automatically extended to June 15th. The extension allowed is for the filing of the tax return but...
by cpiwebdesign | Feb 1, 2018 | Business Advisory, Taxation
Tax Planning Update – RRSP/TFSA In order to assist you with your 2017 and 2018 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...
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...
