This is an important reminder for all clients that the deadline for income tax balances owing to the CRA for 2019, as well June and September income tax instalments, is September 30th. If you do not pay your taxes by the deadline and did not file your tax return by its related deadline you will […]
By Monica Martinez, CPA, CA, CPA (Illinois) There are few tax scenarios more daunting than those facing dual citizens of the United States and Canada – or, for that matter, the United States and anywhere. Let’s start with some basic facts: Anyone born in the US is a citizen of the US, unless their parents […]
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 […]
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 […]
Our Office is Back Open for Business! With Some Restrictions, of Course After weeks of careful planning, GGFL is pleased to announce that our offices have now re-opened for staff and clients. We will be open Monday to Friday from 8:30am to 5:00pm. While we are excited to be taking steps to return to some […]
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 […]
By: Natalie Evans Few, if any, small and medium-sized businesses have escaped the negative fallout from COVID-19 but for the construction industry, these past two months have been particularly uncertain and harrowing. Construction is a complex business at the best of times, and these are not the best of times. Construction is a business where […]
Carleton University co-op student Alina de la Fuente joined GGFL in early May and immediately made history. She became the first co-op student the firm has ‘onboarded’ remotely. None of the usual handshakes. No welcoming lunch or chats over coffee – just remote faces and training instruction over video, along with copious advice, support and […]
By: Josh Engel We closed our office on March 19 and headed home to create work spaces for ourselves and begin a pandemic-imposed journey for which nobody had a road map. It was, quite literally, a journey into the unknown. Little by little we adjusted and re-adjusted, got video savvy and made concerted efforts to […]
By: Lyman Gardiner 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 where your business sits now […]