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Understanding your business’ overhead costs is essential to your daily operations and having a clear picture of your company’s expenditures creates opportunities to make a profit.
Read MoreHere are some key things to keep in mind when selecting gifts for your employees that are sure to give that special feeling—without a big price tag!
Read MoreThis Tax Minute is devoted to reminding our clients what circumstances might trigger the PSB provisions and the effects if those provisions are triggered.
Read MoreOn June 9, 2022 Bill C-8 received Royal Assent making the Underused Housing Tax Act (“UHTA”) law, requiring certain owners of residential property in Canada to file returns annually.
Read MoreEveryone has an idea of who an accountant is and what they do for fun but believe it or not, “accountant life” isn’t all spreadsheets and golf clubs. As part of a new blog series, we’ll be highlighting the weird and wonderful passions that Mowbrey Gil staff have outside of the office. For the first […]
Read MoreCharitable giving can have a significant impact on your business, with a minimal impact on your bottom line.
Read MoreDid you know that only coins and notes issued by the Royal Canadian Mint are legal tender in Canada? That means that cryptocurrencies are not legal tender but are instead treated as a commodity. Knowing this, you might now ask: How can businesses accept cryptocurrency as payment for good and services, and what are the tax implications?
Read MoreA prescribed rate loan is a loan made from a higher income earning spouse to a lower income earning spouse, adult family member, minor child or family trust at the “prescribed rate of interest”. The use of such a loan can transfer income from a higher income earner to a lower income earner, tax the income at lower tax rates and reduce the family’s overall tax burden.
Read MoreHave you ever been sitting with your accountant, and they use a term like “trial balance,” … and you tilt your head a little bit? Well, we have the blog for you. Not everyone understands all accounting principles, and it can feel overwhelming to begin to learn. We’re listing all the accounting terminology basics so […]
Read MoreWith less than two weeks’ notice before the Federal Budget, there was speculation and apprehension as to what was going to be delivered on April 7th. Some of the apprehension stemmed from the historic spending of the government in the preceding few years, plus there was uncertainty as to what, if any, impact the confidence-and-supply […]
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