GGFLtax-strategies

tax-strategies Archives

Search the full library

1 2 1 of 2
Illustration - calendar with December 31str circled
November 3, 2023 Article

Window Closing on Immediate Expensing Tax Incentive Program

The ‘Immediate Expensing’ tax incentive program offered by the Federal Government is coming to an end on December 31st. To help ensure that you’re making the most of this incentive, it is essential to understand the concept of immediate expensing and the
Read more

Note pad and pwn with retirement plan written at the top.
October 10, 2023 Article

Exploring Retirement Fund Options for Business Owners

As a business owner in Ontario looking ahead to retirement, it’s vital to understand the various avenues for accessing your hard-earned funds from your RRSP, RRIF and retained earnings of your private company during this new phase of life. Decisions you make will
Read more

Hand holding alarm clock with hands moving from the year 2022 to 2023
October 18, 2022 Article

End-of-Year Tax Planning Tips

The end of the year is rapidly approaching, which commonly brings about a time when business owners reflect on taxes. There are a few considerations that owners can contemplate to help maximize tax efficiency. Below are some immediate things you can contemplate and
Read more

Black graduation hat with dollar sign tag hanging off end of hat
September 28, 2022 Article

Tuition Savings Strategies for Business Owners

No matter how you slice it, paying for college or university tuition is costly. A 2018 survey of 23,000 students by MacLeans Magazine put the average annual cost of college or university at close to $20,000. For families with young children, the cost will only get
Read more

Illustration of man measuring giant percentage symbol
August 24, 2022 Article

CRA Prescribed Rate Rising – What Does it Mean for You?

The impact of rising interest rates by the Bank of Canada are being felt in many places, including the Canada Revenue Agency. Effective October 1st, the CRA prescribed base interest rate will be rising to 3% (currently at 2%) for the fourth quarter of 2022. The
Read more

Happy contractor sitting in car
July 17, 2019 Article

Independent Contractor vs. Employee

Determining whether you’re an employee or a contractor is a critical decision with important consequences for both the worker and payer (the company, employer or individual paying for the work). Employee or contractor? It might sound like an easy distinction to make,
Read more

1 2 1 of 2
green-chevron

Let’s Connect

Reach out today to discover the
opportunities behind your numbers

Contact Us
bordered-eclipse