by cpiwebdesign | Feb 26, 2016 | Taxation
On February 25, 2016 Finance Minister Charles Sousa tabled his fourth Budget. The deficit for the 2015-16 fiscal year is projected to be $5.7 billion, which is $2.8 billion less than forecasted in the 2015 Budget. The deficit is projected to drop to $4.3 billion for...
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...
by cpiwebdesign | Nov 28, 2014 | Accounting & Assurance, Taxation
The GST/HST joint election available to closely related persons (the “156 Election”) under section 156 of the federal Excise Tax Act (the “ETA”) saw significant amendments after the last federal budget was tabled last February. Generally...
by cpiwebdesign | Feb 25, 2014 | Accounting & Assurance, Business Advisory, Taxation
A Message from the Managing Partners Managing Partners Fred Arshoff and Jeff Nightingale discuss what Lipton LLP is striving to achieve in the months and years ahead. Rule Changes with Respect to Foreign Income Reporting The Canadian government has made it a priority...
by cpiwebdesign | Nov 20, 2013 | Accounting & Assurance, Business Advisory, Taxation
With the exception of RRSP contributions (in most cases) and pension income splitting, any tax planning strategies intended to reduce one’s tax payable for 2013 must be implemented by the end of the calendar year. While 2013 tax returns don’t have to be filed for at...
