2019 Income Tax return Adjustments for CERB Eligibility
A lot of people have claimed CERB for the full 28 weeks period, totalling up to $14,000. Canada Revenue Agency (CRA) has issued letters to the taxpayers who they think might...
2020 – Year End Income Tax Planning – Individuals
The year 2020 is approaching an end! This is the time of the year when you should not forget important tax planning to best optimize your 2020 income taxes in Canada.
We have...
2020 End of Year Tax Planning for Small Corporations in Canada
There are many ways small business owners can optimize their corporate income taxes for 2020.
This post is for the small to medium-sized businesses operating in the corporate...
Flipping Houses – Business Income Vs Capital Gains
Property flipping is an increasingly common practice to buy a property and then reselling it for a quick profit. Property flipping also includes assignment sales a.k.a. shadow...
5 Alternatives to CEBA
Canada Emergency Business Account (aka CEBA) has been the most talked-about government support program for small businesses. Since its launch, it has helped many small...
Canada Emergency Rent Subsidy (CERS) – Applications opened
Canada Emergency Rent Subsidy (CERS) applications are open now.
CERS provides much-needed support to Canadian businesses struggling with rent payments during the pandemic. If...
COVID-19 Exception: Substantial Presence Test (U.S.)
As we are in the final quarter of 2020, many wonder if they are subject to U.S. Income taxes due to the travel restrictions earlier in the year!
Good News: Yes, there is an...
A Guide to Investor Pitch Deck
Pitching is about hitting the bull’s eye to get that ‘YES’ from investors. But it’s not that simple!
Did you know 90% of start-ups fail? Yes, and,...
Canada: On Road to a New Global R&D Hub!
For a while, Silicon Valley in the United States has been a Research and Development hub in the world.
Well, that may change soon. According to the 2019 global technology...
CEWS Audits by CRA – Just landed
Canada Emergency Wage Subsidy (CEWS) has been providing significant support to Canadian jobs by covering 75% of employee’s wages (sometimes up to 85%, see new CEWS rules).
A...
Additional T4 Reporting Requirements for 2020
The Canada Revenue Agency (CRA) has introduced additional reporting requirements for T4 Information returns of 2020.
The purpose of these additional requirements is to validate...
10 Reasons to Move your Business to Canada
10 Reasons to Invest in Canada
Planning to start a business or looking to expand internationally?
Well, Canada is the place for you. Investing in Canada offers plenty of...