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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 […]

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 […]

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 […]

Taking the Guess Work out of Revenue Forecasts

Taking the Guess Work out of Revenue Forecasts

By Natalie Evans, Partner, Head of Assurance, Advisory Services For any business owner, forecasting growth can be an onerous task – the financial equivalent of a trip to the dentist. But like trips to the dentist, they are important, and not necessarily as painful as you might expect. None of us can see into the […]