A 2025 Guide for High-Income Canadians Charitable giving is often associated with generosity and goodwill, but for high-income Canadians, it can also be a strategic component of tax planning. Donations can reduce taxable income and maximize tax credits, all while supporting causes that align with your values and that allow you to make a positive […]
Read MoreCharitable giving can have a significant impact on your business, with a minimal impact on your bottom line.
Read MoreToday Finance Minister Bill Morneau provided some additional details related to the Canada Emergency Wage Subsidy program previously announced by the Government of Canada. These details include: The wage subsidy will be available to all non-publicly funded companies, charities, and not for profits – however only employers who suffer a drop in gross revenues of […]
Read MoreThe Canadian Income Tax Act defines a non-profit organization as “a club, society or association that, in the opinion of the Minister, was not a charity within the meaning assigned by subsection 149.1(1) and that was organized and operated exclusively for social welfare, civic improvement, pleasure or recreation or for any other purpose except profit….” […]
Read More