Nov 5, 2020 | Personal Tax and Finance
The Canada Emergency Rent Subsidy (CERS) program is intended to replace the Canada Emergency Commercial Rent Assistance (CECRA) program. While the name of this new program is similar, it will work in a much different manner than its predecessor. The new CERS will... 
Oct 28, 2020 | Personal Tax and Finance
As everyone knows, registered retirement savings plans (RRSPs) are intended to provide a means by which Canadians can save for their retirement on a tax-deferred basis. The rules governing RRSPs allow taxpayers who make contributions to such plans to deduct the amount... 
Oct 21, 2020 | Personal Tax and Finance
The Canada Emergency Wage Subsidy (CEWS) program has seen a number of changes since the program was first announced in March 2020. During the month of October, the Federal Government made two announcements of even more changes to the CEWS program. While the changes... 
Oct 15, 2020 | Personal Tax and Finance
As professional accountants we study for long hours for many years and are required to pass intense exams to receive our designations. The learning does not stop there. After receipt of our designation we are required to complete a mandatory number of hours of... 
Sep 24, 2020 | Personal Tax and Finance
Our clients often ask us if hiring a sub-contractor makes more sense than hiring an employee. There are a number of considerations to this question: relative costs of an employee vs. a sub-contractor, legal obligations to each, as well as what are the facts of the... 
Sep 2, 2020 | Personal Tax and Finance
2020 has been a difficult year for most of us. The closure of international borders and social distancing to curb the spread of COVID-19 has had a devastating effect on the world’s economies. Many Canadians have lost their jobs or have seen their businesses contract...