CERB Tax Calculator: Canada Emergency Response Benefit (CERB) February 2022 update: The Canada Emergency Response Benefit (CERB) is no longer available. If you or your business are struggling financially during
Canada Child Benefit Reviews The CRA frequently reviews claims for the Canada Child Benefit (CCB), a monthly cash payment program for parents of minors. The value of this benefit is
Reducing the GST/HST Payable on a Possible “Builder” Assessment A taxpayer that buys new residential real estate and then sells the property may think that the sale is tax-exempt and
The Tax Implications of Selling Assets or Shares in a Business Transaction If you are looking to purchase a new business in Ontario or sell your existing business, there are
Subsection 50(1) Election Tax Relief on Losses with Bad Debts, Defunct Shares and Bankrupt Corporations As investors, there may be times when you hold shares or debt of a company
As a director, can I be held liable for my corporation’s taxes? Directors of Canadian corporations can be held jointly and severally liable for some Canadian tax along with their
Taxable Side of CERB for Individuals Six million Canadians facing hardship as a result of the global COVID-19 outbreak, have applied for the Canada Emergency Response Benefit (CERB). The federal
Allowable Business Investment Loss (ABIL) If you lost money investing or loaning money to a Small Business Corporation (including your own business), you may be able to recover some of
The “183-Day Rule” in Canadian Tax Residency We often assist people in determining their tax residency under Canadian law. One question that often comes up is whether they have spent
Your 2020 Tax Essentials Reference Guide We’re four months into 2020 and our clients want to know about updated rates for a host of tax-related items and numbers, including RRSP
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