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Surplus Accounts and Foreign Affiliate Tax Traps

Surplus Accounts and Foreign Affiliate Tax Traps

By Eric Jungmeisteris, CPA, CA Manager, Tax & Advisory Services Canadian corporations with subsidiaries in other countries (a “foreign affiliate”) could find themselves facing a nasty surprise tax bill from the Canada Revenue Agency (“CRA”) when they transfer funds back to Canada. Aside from being located outside of Canada, a foreign affiliate is generally a […]

CEWS Update & Resources

CEWS Update & Resources

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As the COVID-19 pandemic continues to disrupt our workplaces and economy, the Government of Canada has announced a further extension of the Canada Emergency Wage Subsidy (CEWS), extending the program until December 19, 2020, although only details up to November 21, 2020 have been provided. These proposals enhance the CEWS to support workers and businesses […]

Pause & Plan: Marketing Agency Soshal’s Tips for Business Owners

Pause & Plan: Marketing Agency Soshal’s Tips for Business Owners

As part of our series aimed at helping businesses prepare for the re-opening of the economy, we asked Dave Hale, co-founder of Ottawa-based digital design and marketing agencies Soshal and Craft & Crew, for his input on what businesses need to focus on to make it through the coming months. How have businesses been reacting […]

GGFL COVID-19 Commentary Week #8

GGFL COVID-19 Commentary Week #8

By: Deborah Bourchier COVID-19 has pressed the pause button on long-term decision making in much of the business community. Many small and medium sized businesses that were thriving, or at least experiencing healthy growth, are now struggling as they navigate this current crisis. High level decisions being contemplated two months ago have been overtaken by […]

Webinar: A Practical Overview and Example of Qualifying for Government COVID-19 Funding

Webinar: A Practical Overview and Example of Qualifying for Government COVID-19 Funding

As the economic fallout continues from the COVID-19 pandemic, organizations across the country are facing financial challenges and asking about government support. This webinar was co-hosted by GGFL’s Natalie Evans and Chad Saikaley and lawyers Roberto Aburto and Colin Green from Gowling WLG. Our panel provide a practical overview of the legal, accounting and payroll […]

Canada Emergency Commercial Rent Assistance

Canada Emergency Commercial Rent Assistance

Additional COVID-19 Resources COVID-19 – Helping Your Employees New Tax Filing and Tax Payment Deadline Managing Your Cash Flow During COVID-19 The Canada Emergency Wage Subsidy Updated September 10, 2020 On September 9th, the government announced that the Canada Emergency Commercial Rent Assistance program would be extended one final time. The program now covers the […]

GGFL COVID-19 Commentary Week #6

GGFL COVID-19 Commentary Week #6

By: Josh Engel Among the many stresses and strains the COVID-19 epidemic is having on small and medium sized businesses, the landlord-tenant relationship looms large. I have both landlords and tenants as clients so I’m hearing both sides of what is a terrible dilemma. On one level, it’s simple: The tenant’s business has either slowed […]

The Canada Emergency Wage Subsidy

Additional COVID-19 Resources COVID-19 – Helping Your Employees New Tax Filing and Tax Payment Deadline Managing Your Cash Flow During COVID-19 Canada Emergency Business Account Aid for Students and the Canadian Emergency Student Benefit GGFL Service Changes Signing Your Tax Return Electronically Secure Document Drop-Off COVID-19, Taxes and Office Operations Client Safety and Care During […]

COVID-19, Taxes and  Office Operations

COVID-19, Taxes and Office Operations

Updated July 15, 2020 Additional COVID-19 Resources Managing Your Cash Flow During COVID-19 New Tax Filing and Tax Payment Deadlines COVID-19 – Helping Your Employees The Canada Emergency Wage Subsidy Aid for Students and the Canadian Emergency Student Benefit GGFL Service Changes Secure Document Drop-Off Signing Your Tax Return Electronically Client Safety and Care During […]