Designated beneficiaries of registered retirement accounts

Designated beneficiaries of registered retirement accounts (RRSP, RRIF, TFSA.) As the saying goes, the only guarantees in life are death and taxes, and unfortunately there are tax issues to deal with upon the death of an individual.  If you have registered retirement...

2021 CRA Vehicle Allowance Rates

2021 CRA Vehicle Allowance Rates 2021 has been a very challenging year and as we get close to the end of 2021 you may be preparing to file your corporate tax returns.  If you reimburse yourself or your employees for business use of a personal vehicle the CRA vehicle...

CRA or Scammer: Who is it?

CRA or Scammer: Who is it? Most, if not all of us, have received a call from someone claiming to be from the Canada Revenue Agency (CRA). They may threaten arrest or other such actions if a tax bill is not immediately paid via iTunes or Bitcoin, for example. While...
Taxable Benefits: Employee use of cell phone and internet service

Taxable Benefits: Employee use of cell phone and internet service

Taxable Benefits: Cell Phone & Internet ServiceIn this edition of Did You Know? we look at the rules that determine when an employee earns a taxable benefit when a company pays for cell phone or internet service. If you would like to know more, give us a call or...
Alberta Personal Income Tax Rate Changes

Alberta Personal Income Tax Rate Changes

Alberta Personal Income Tax Rate Changes: On October 1, 2015, the Alberta government released new tax rates to be brought in. In 2015, the change results in a pro-rated tax rate applied to all income for the tax year and in 2016 will be the full tax rates. We have...