The Canada Emergency Response Benefit (CERB) will continue to operate for four more weeks, as announced on the 20th August 2020. CERB offers financial support
Corporate dividends accounts (CDA) can be valuable tools in generating liquidity through tax-free savings, which can be done by using capital losses advantageously. This article
Before COVID-19, many people were living increasingly global lives. Modern corporations are becoming ever-more international, and traditional nine till five jobs have been going out
The Time Limits and Other Periods Act (COVD-19) (TLOPA) came into effect on the 27th July 2020. Respecting the timelines under the Income Tax Act
There are many different means for employers to provide tax-effective compensation to their employees. Through this tax-efficiency, employers can reward employees for good performance, compete
What is a Tax-Free Savings Account? The Canadian Tax-Free Savings Account scheme was set up in 2009 as a way for taxpayers to set aside
Canada’s income tax system is progressive, meaning tax rates increase alongside taxpayer’s earnings. Households can minimize their overall taxes by dividing income rates between family
The global pandemic has brought certain realities into clear focus. If you are a high-net-worth individual (HNWI) in your 50s and 60s, you may be
Are Shareholder Benefits Taxable in Canada? Shareholder benefits are taxable under subsection 15(1) of the Income Tax Act. But what counts as a shareholder benefit?
Working from home may have started as a short-term response to the COVID crisis, but for many people, the last few months have changed how
If you’re still able to work and have employees, the Federal government has recently introduced a plan that could help your business. On April 27,
You might be wondering right now how COVID-19 is going to be affecting your taxes in terms of deadlines or deductions and credits. So, when
