7 Things to Ask Your Business Accounting Firm
No matter the level of service you need from your accounting firm, there are some basic questions and considerations to keep in mind when making this important business decision.
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7 Things to Ask Your Business Accounting Firm
No matter the level of service you need from your accounting firm, there are some basic questions and considerations to keep in mind when making this important business decision.
Get Back to Basics with Your Investments
For new, or even experienced, investors — a rocky, volatile market can be daunting. If you’re wondering where to start or where to go from here, we’ve compiled a few tips for continuing to build your investment portfolio during difficult times. Don’t stop saving! The most important thing you can do is continue to put […]
Read MoreTax Minute – The 2021 Federal Budget
It used to be every year the federal government would deliver a budget, until last year. Yes, on April 19th, for those of you that missed it, the Federal government delivered their first budget in over two years.
Read MoreWhat you need to know this tax season
Although the tax deadline was extended last season, this year we’re back to the Friday, April 30 deadline. If you’re self-employed or have a spouse or common-law partner who is, you have until Tuesday, June 15 to file (though taxes owing must still be paid by April 30).
Read MoreTax Minute – British Columbia’s LOTA
In December, we looked at the new Federal trust filing and disclosure requirements that are being rolled out this year. In a similar vein, some provinces are seeking to implement additional disclosure requirements with a view to increasing taxpayer transparency. This month, we will be taking a look at British Columbia’s newly enacted Land Owner […]
Read MoreTax Minute – Tax Time!
Are you ready to file? It is already that time of year again to get ready to prepare and file your 2020 tax return. 2020 was a year unlike any in recent memory, and the global COVID-19 pandemic lead to the Canadian government providing relief like we have never seen before. While, like any other […]
Read MoreTax Minute – Happy New Year!
A lot of firsts in 2020 2020 was a truly unusual year in a variety of ways, including from a tax perspective. The year came with many new acronyms, such as TWS (Temporary Wage Subsidy), CEBA (Canada Emergency Business Account), CECR (Canada Emergency Commercial Rent Assistance) and CEWS (Canada Emergency Wage Subsidy), just to name […]
Read MoreTax Minute – New Filing Requirements
In order “to improve the collection of beneficial ownership information with respect to trusts and to help the Canada Revenue Agency (the “CRA”) assess the tax liability for trusts and its beneficiaries” the CRA has come out with Draft legislation for new reporting rules for Trusts. The new rules are effective for year ends on […]
Read MoreManaging your Financial Health
Financial wellness can be a sensitive and uncomfortable discussion for many. Taking control of your finances can feel overwhelming and unattainable at times. Mowbrey Gil is here to help you navigate these waters with expert advice. Here are some simple steps that anyone can take to better understand and take control of their finances. Increase your knowledge of financial management Spend some time learning about debt management, budgeting, saving, investing or retirement planning. CPA Canada has resources available […]
Read MoreTax Minute – Shareholder Details
Every year CRA sends out letters requesting information on a specific line item on tax returns. Unlike prior years, this year CRA is giving advanced warning of what this will be. In an upcoming letter campaign, CRA will be asking for shareholder information on schedule 50 of the corporate income tax return where it is […]
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