Qualified Chartered Professional Accountants offering professional advice
to help you grow, develop, and move forward.
This is our second update regarding Covid-19 financial relief for Canadians. In addition to the federal relief programs, we want to provide insight into provincial programs.
This week places us all in a time of uncertainty. In light of Covid-19, we are reaching out to keep you informed of updates to our office policies and procedures, and to provide a summary of key points from Canada’s economic response plan released this week.
There are special laws which hold a director personally liable for certain amounts that their corporation fails to deduct, withhold, remit, or pay.
In response to U.S. tax changes and cuts, the Federal Government released its Fall Economic Update on November 21, 2018 which primarily focused on changes to the first year of depreciation on most capital assets.
In a May 8, 2018 Tax Court of Canada case, the Court reviewed whether the taxpayer was earning insurable and pensionable amounts related to her work at a health care clinic for 2015 and part of 2016 up to her termination.