Advice and Tips
CRA Collections
Make sure you pay your tax obligations on time and in full. If you are struggling to pay, there is help available.
October 18, 2021
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Our insights centre gives you access to our latest company news, industry reports and blogs covering a range of topics related to the financial services industry. If there is a specific issue you would like more information on or if you have a further enquiry, please feel free to contact us.
Advice and Tips
Travel Allowances
Structure compensation for the employment use of an employee’s vehicle carefully to ensure that any allowance received will not be taxable to the employee. A taxable assessment after the fact can create significant employee/employer issues.
October 11, 2021
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Advice and Tips
Streamers and Influencers
Are you an influencer or game streamer? You may want to watch what else you do online…
October 7, 2021
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Advice and Tips
CERB Repayments
If you repaid CERB but you met certain eligibility criteria, you may be entitled to receive a reimbursement.
October 4, 2021
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Advice and Tips
Accounting Software
Starting out on your own can be a daunting task. Getting the right software for your company if you choose to do it yourself, can be a time saver. Don’t waste your time (and your accountant’s time) with the wrong software.
September 28, 2021
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Advice and Tips
Guaranteed Income Supplement
As many individuals had lower income in the 2020 year, some may be surprised that they are eligible to receive the Guaranteed Income Supplement (GIS). In addition, changes in July 2020 allow individuals to earn more without eroding benefits. For those who have been eligible for some time, GIS (and OAS) can be applied for retroactively (up to eleven months back).
September 27, 2021
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Advice and Tips
Underground Economy
CRA recently discussed one of their top priorities; identifying those involved in the underground economy and ensuring that they are satisfying their tax obligations. Do you fall within one of these 4 industries identified by CRA?
September 23, 2021
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Advice and Tips
Taxpayer Relief Applications
In a recent court case where the Taxpayer sought a review of CRA’s denial to provide interest and penalty relief on tax debt, the courts did not agree with the taxpayer. See what they said!
September 13, 2021
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Advice and Tips
Canada Pension Plan
Have you noticed you are paying more (or longer) for CPP on every paycheque?
The maximum pensionable earnings and contribution rate for 2021 have now been released and are a surprise to many; the cost of CPP is significantly increasing.
September 4, 2021
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