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Federal Budget Commentary 2021
On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax rates (other than a
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Highlights from the Fall Economic Statement
On November 30th, the federal government delivered its Fall Economic Statement. The statement included a number of updates to existing COVID-19 relief programs, as well as changes to other existing tax relief programs. Of note, there were no changes to income tax rates
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Form PD27 – New COVID Subsidy Reporting Requirement for Businesses
By Karen McKay, CPA, CGA As COVID-19 took its devastating toll on the economy last spring, the federal government introduced the 10% Temporary Wage Subsidy (TWS). That aid program was quickly followed by the Canada Emergency Wage Subsidy (CEWS). With 2020 quickly
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Re-visiting Estate Freezes – a COVID-19 Silver Lining for Business Owners
Related Content What to Plan for When Selling Your Business in 2021 | Three Tax Efficient Strategies for Managing Retained Profits | Passing the torch: The complexities of succession planning To say that 2020 has been rough for most business owners is an
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Three Tax Efficient Strategies for Managing Retained Profits
Related Content Re-visiting Estate Freezes – a COVID-19 Silver Lining for Business Owners | What to Plan for When Selling Your Business in 2021 | Passing the torch: The complexities of succession planning While most businesses have suffered a difficult or
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Staying Alive – Financial Projection and Cash Flow for Re-Opening Businesses
The partial re-opening of the economy will be music to the ears of business owners across the province. Many have been champing at the bit for business life to get back to normal. But before diving headfirst back into business operations, it is worth taking stock of
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