Library

Effective Use and Tax Planning of Your Professional Corporation – Video

Effective Use and Tax Planning of Your Professional Corporation – Video

In this webinar recording, the head of GGFL’s Health Professional Practice, Donna Ho-Faloon, discusses how medical and dental professionals can most effectively make use of their professional corporation. In the video, Donna discusses: – Savings and tax deferral – Tax efficient financing for the purchase of a practice or staring a practice – Income splitting […]

2020 Personal Tax Preparation Information

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On this resource page for Canadians filing their 2020 tax return you will find details on: Deadlines How to send us information Instructions for using our Online Portal Tips for scanning and submitting your information Late tax slips Personal vs. family taxes Submitting medical claims Turning 65? Investments Foreign Investments and Trusts Do you have […]

Tax Tips and Reminders for Canadian and US Tax Filings for 2020 Tax Year

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On this resource page for Canadian and US tax filing, you will find details on: Tax deadlines How to send us information Instructions for using our Online Portal Tips for scanning and submitting your information Online forms Late tax slips Personal vs. Family Taxes Submitting Medical Claims Turning 65? Investments Foreign Investments and Trusts Foreign […]

GGFL Named ‘Best of the Best’ by INSIDE Public Accounting

GGFL Named ‘Best of the Best’ by INSIDE Public Accounting

GGFL has once again been named one of INSIDE Public Accounting’s ‘Best of the Best Accounting Firms’ for North America. GGFL was one of just 6 firms in Canada to receive the honour. Recipients are assessed through an in-depth survey and analysis of 50 criteria including strategic planning, productivity, professional development and client service. Delivering […]

CRA on the Hunt for Details of Tax Delinquent US Property Owners

CRA on the Hunt for Details of Tax Delinquent US Property Owners

By Monica Martinez, CPA, CA, CPA (Illinois) The Canada Revenue Agency (CRA) is stepping up its efforts to identify Canadian residents who may have undeclared income from real estate property owned in the United States, or who have failed to disclose their US property on CRA’s Form T1135. To help track down potentially tax-delinquent US […]

Tax Payment Deadline

Tax Payment Deadline

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 […]

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 […]

CEWS Update & Resources

CEWS Update & Resources

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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 […]

Plans for Re-Opening

Plans for Re-Opening

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 […]