September 5, 2020

T4 Changes

During the COVID 19 times employees as well as employers were getting some benefits: the Canada Emergency Response Benefit (CERB), the Canada Emergency Student Benefit (CESB), […]
July 3, 2020

COVID-19 Wage subsidies

It has been a time of distress for many businesses and a challenge to survive. If you have not laid off your employees and were paying […]
February 18, 2020

Tax Updates

Alberta Tax Rates   There are no changes to the tax rates for 2019. However, the taxable income thresholds have been increased by the indexation factor […]
February 10, 2020

2020 TAX UPDATES

Canada Pension Plan Contributions (CPP) The maximum pensionable earnings under the Canada Pension Plan for 2020 are $58,700, up from $57,400 in 2019. Contributors who earn […]
November 12, 2019

Gifts and awards as taxable employment benefits

Gifts and awards as taxable employment benefits We are mostly aware about popular taxable or not taxable benefits – if you are using a vehicle of […]
September 27, 2019

Medical expenses

Medical expenses that may be claimed to reduce the amount of federal income tax you pay There exists a non-refundable tax credit that you may use […]
July 30, 2019

Should you incorporate your small business or not? (Part 1)

Should you incorporate your small business or not? (Part 1) Nearly all business owners at some point come to consider this option. Corporations are separate business […]
July 15, 2019

Employee or Contractor? (Part 3 Continued)

Below you will find some indicators showing that the worker is a contractor, the work relationship will be a “contract for service”: the worker does not […]
June 29, 2019

Employee or Contractor? (Part 2 Continued)

    Below you will find some indicators showing that the worker is an employee, the work relationship will be a “contract of service”: an individual […]