December 13, 2023
First Home Savings (FHSA) What is a FHSA? A registered account to set aside a maximum of $40,000 for a home purchase. Who can open a FHSA? At least 18 years of age A resident in Canada A First-time home… Continue Reading…
February 8, 2023
Who must file a return and pay the tax Not Required To File – Excluded Owner If you are an excluded owner of a residential property in Canada, you have no obligations or liabilities under the Underused Housing Tax Act. An excluded owner… Continue Reading…
November 11, 2022
Our very own partner Karleen Scase recently participated in the St George Ironman 70.3. This was a world championship event that Karleen qualified for. Scase and partners values staff and community to be active. All too often sports and… Continue Reading…
September 6, 2022
For the 2022 tax season Canada is ushering in a new luxury tax of vehicles, boats, and aircraft. Here is a breakdown of that the new tax means for Canadians. The luxury tax applies to inventory in Canada, as well… Continue Reading…
January 12, 2022
The Federal Government announced in December 2021 new support for Covid-19 recovery Programs in Canada for businesses. This program is the Targeted COVID-19 support measures and is part of the governments COVID-19 Recovery Programs. Here is a brief list of the… Continue Reading…
March 1, 2021
With the new tax season and the old news of Covid CRA has provided new rules and guidelines. If you collected COVID-19-related benefit payments last year, it is possible that you will see yourself owing more money than in previous years.… Continue Reading…
December 15, 2020
The Government of Alberta has announced a Relaunch Grant that offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations. The program provides funding to organizations that saw a revenue reduction as a result of closures or reduced operations due… Continue Reading…
December 15, 2020
With the changing world we are living in many people have decided to venture out as a contractor. We are seeing more and more deciding this after a layoff or simply a slow down in a traditional office. What we… Continue Reading…
November 9, 2019
We are familiar with using our Registered Retirement Savings Plan (RRSP) to finance the purchase of a home through the Home Buyers’ Plan (HBP). But did you know that you can also use your RRSP’s to finance post secondary school… Continue Reading…
October 9, 2019
When it comes to incorporating most entrepreneurs employ the ‘do-it-yourself’ route. There are many websites or Incorporation packages purchased at registries offices to facilitate this. Doing it this way is enticing to lower costs. This is reasonable as starting up… Continue Reading…