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Your source for expert commentary and information in the fields of tax, accounting, human resources, estate planning and technology.

Is my Canadian Corporation required to file a U.S. tax return?

Every now and then a client with U.S. customers or U.S. sales agents will ask us if they are required to file a U.S. tax return. As a foreign corporation, the IRS requires you to file Form 1120-F if, during the tax year, your corporation: was engaged in a trade or business in the U.S.—regardless […]

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The Current Status of Apprenticeship Credits for Ontario Employers

In November of 2017, the Apprenticeship Training Tax Credit—a refundable provincial tax credit based on salaries and wages paid to apprentices—was eliminated for any apprenticeship contract registered after November 14, 2017. At the time, it was announced that this credit would be replaced by the Graduated Apprenticeship Grant for Employers (GAGE). However, the Ontario Government […]

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Is your company eligible for increased SR&ED tax credits?

The Scientific Research and Experimental Development (SR&ED) program was created to encourage Canadian innovation by providing tax incentives to conduct business research and development in Canada.All eligible businesses can earn a non-refundable investment tax credit (ITC) at the basic rate of 15% on qualified SR&ED expenditures. The program offers additional support to Canadian-controlled private corporations (CCPCs)—with a refundable […]

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2019 Federal Budget Commentary

There is no indication that the budget “will balance itself” in the near future. However, there are ‘goodies’ for various groups of potential voters, funded by ever increasing deficits. Click here to download our Federal Budget commentary.