Insights

On Thursday April 7, the Honourable Chrystia Freeland presented the 2022 Federal Budget. Surprisingly, there were not a raft of tax changes, the capital gains inclusion rate (or effective capital gains tax rate) was not increased, and Federal budget deficits are projected to [...]

Question: I have about $300,000 invested through my Holdco as retirement savings. The investment is growing, but I haven't maxed out my TFSA yet. Should I take the money out of my Holdco, pay the tax on it, and let it grow tax free in [...]

It isn’t uncommon for small to mid-sized enterprises (SMEs) to outgrow their siloed, off-the-shelf software after a few years. As inventory, accounting or payroll needs become more complex, centralizing information across the company and automating specific processes becomes increasingly necessary to plan and [...]

The 2021 personal income tax filing deadline is May 2,2022, and the filing deadline for self‐employed individuals and their spouses (including HST returns) is June 15th. The late filing of your tax return will result in a CRA penalty of 5% of any [...]