This Month’s Poll
Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?Family Business Transfers at Tax Risk
Unsure about transferring the family farming or fishing corporation or small business corporation to your child or grandchild under the current taxing environment? There is good reason, considering a reprieve family businesses obtained with the passage of private members’ Bill C-208; has now ended effective November 1.
$7,000: CPP Premiums Increase Challenging Gig Workers
CRA has announced the CPP maximum pensionable earnings and premiums payable by employers and employees for 2022. Self-employed gig workers will want to be sure they understand the obligation: $6,999.60 is required to be remitted – just forty cents less than $7,000 – if net income is $64,900 or higher. For others with lower income levels the employer/employee rate is 5.70% each. Your taxes will need to be remitted about that. Here are the details:
Get Up to Speed on Responsible and Sustainable Investment Strategies
Responsible Investing (RI) is not a fad, particularly not in light of the United Nations Glasgow Climate Change Conference taking place this week. And in fact, it has actually been in existence for a very long time, and it is picking up steam here in Canada , said Duane Green, President and CEO Franklin Templeton Canada, who provided a thoughtful and comprehensive expose of the subject at the 2021 Distinguished Advisor Conference.
How does CRA View a “Debit” Balance?
Avoiding red flags with CRA is always a good idea, but for many small business owners, the shareholder’s loan account presents such a threat. Here’s how a taxpayer can get into tax audit trouble:
Business Competitiveness: Understanding the Tax in Post- Pandemic
Knowledge Bureau Report asked Marco Iampieri, Of Iampieri Law Professional Corporation, to review a new paper on small business tax competitiveness by Dr. Jack Mintz, who spoke recently at the Distinguished Advisor Conference (DAC), Patrick Smith and V. Balaji Venkatachalam. It’s an important paper for its time, as the small business in Canada attempts to leave the pandemic behind in 2021.
New Course: Privacy Principles in Business
New Course: Privacy Principles in Business
Privacy of confidential financial data is an important issue to your clients and no wonder: Statistics Canada says that about 57% of Canadians online reported experiencing a security incident in 2018. Do you know how to avoid privacy risks that may arise in your business?
