Mar 16, 2020 | Personal Tax and Finance, Featured
Financial Hardship Due to COVID-19 In recent weeks we have all observed the growing effects of the coronavirus (COVID-19) on our economy. We have witnessed the cancellation of public events, travel restrictions, fewer people going to restaurants and a decline in... 
Mar 16, 2020 | Personal Tax and Finance, Featured
RHN is open and here to help. As the risk of the Coronavirus (COVID-19) has been increased from low-risk to serious by Canada’s public health officer, RHN’s priority continues to be protecting the health of all Firm members and clients and ensuring we can continue to... 
Mar 13, 2020 | Personal Tax and Finance, Featured
When to file a T1044 Non-Profit Organization (NPO) Information Return This return might be required for clubs, societies, associations, strata corporations, housing corporations, marina corporations, etc. that are not a charity but are considered to be a NPO per... 
Mar 4, 2020 | Personal Tax and Finance, Featured
Tax Planning vs Tax Evasion – Do You Know the Difference? Tax planning and tax evasion are both methods of reducing the amount of taxes paid. The essential difference between tax planning and tax evasion is legality: tax planning is perfectly legal, while tax evasion... 
Feb 27, 2020 | Personal Tax and Finance, Featured
As a small business owner, you may be asking yourself: “Do I need to submit a T5 slip in addition to a T4 slip?” T5’s are prepared on a calendar year basis for interest, royalty or dividend payments made from a Corporation from January to December. Did your company... 
Feb 25, 2020 | Personal Tax and Finance, Featured
Every year RHN gets asked questions about RRSP’s. We have put a few of the most important together here! When do I need to make my contribution by? March 2, 2020 is the deadline for contributing to an RRSP for the 2019 tax year. Should I contribute to my RRSP? It...