GGFL is now offering Audit Shield, a service designed to give fee protection to clients whose tax returns result in an audit, or other follow-up inquiry, from the Canada Revenue Agency (CRA) and provincial tax authorities.
While we do everything we can to protect your information, we also know that email is increasingly vulnerable to attack. Since the information we share is highly sensitive, our standard policy is to only share electronic files through ShareFile. Find the answers to questions you may have about our new file-sharing portal.
This document provides the basics of ShareFile to help you get started accessing, downloading and uploading files faster.
This guide provides the basics of ShareFile to help you get started accessing, downloading and uploading your files faster. Read on for a step-by-step guide on using our new file-sharing portal
Finance Minister Bill Morneau released the 2019 Federal Budget on Tuesday, March 19th and compared with the last two years, this pre-election budget holds limited tax changes for individuals and businesses. The federal government is projecting a deficit of approximately $15 billion for fiscal year 2019 and $20 billion for the following two years.
A new report from CPA Canada, released in advance of the federal budget, says that a review of Canada’s tax system should focus on making the tax system simpler, fairer, more efficient, and internationally competitive. Canada’s last major overhaul of tax law was in the pre-internet days of 1972. GGFL’s Head of Tax Chad Saikaley agrees the system is out of date, and with legislated add-ons over the decades has become a patchwork that is inconsistent and impossible for the average informed Canadian to understand.
Fraudsters may attempt to help themselves to money in your bank account. Read one account of how easily this could happen, and why it’s important to regularly check your account online, as well as complete monthly bank reconciliations.
Life can be unpredictable. If you’re a business owner, strategic planning is a necessary part of ensuring your continued success. You want to be the one guiding where the company is going and setting the direction for the future.
Part of that planning involves having a succession plan in place so that if you become incapacitated or die unexpectedly, your loved ones are taken care of.
We’ve updated our Tax Facts for Ontario Residents document to include the new 2019 rates, as well as the 2018 rates.
GGFL’s “go-to” Tax Facts sheet is a quick reference guide on Ontario tax rates, including corporate income, RRSP limits, prescribed interest rates, automobile amounts, personal tax brackets for salary and dividends, TFSA, CPP and EI limits, pension splitting with spouses, Workplace Safety & Insurance Board (WSIB), and clawback of Old Age Security.
Under new rules announced in the recent Quebec budget, certain businesses from outside the province providing goods and services to Quebec residents must register for an expanded Quebec Sales Tax (QST). Recognizing an increasing amount of online business, the Quebec government is requiring non-residents of Canada, including digital platforms, to register for the new QST.