Will the CERB run out or be extended?

On June 15, 2020, I had the pleasure of speaking on Breakfast Television this morning about what happens when the Canadian Emergency Response Benefit (CERB) runs out. read more

Canadian Emergency Wage Subsidy (CEWS)

Updated May 19, 2020

The Department of Finance passed Bill C-14 this Easter weekend and released this website regarding the 75% Canadian Emergency Wage Subsidy (CEWS). read more

Consider an RRSP before buying investments in your private corporation

If you own a private corporation that generates more cash than you need to operate your business, and more than you need to fund your living expenses, this investment strategy may be for you. Often, company owners will pay themselves less to ‘save on taxes’ and then invest the residual cash within their companies. That isn’t always the best strategy. read more

Resources for Small Businesses impacted by COVID-19

Updated: May 19, 2020

NOTE:

1. On July 17, the government announced changes to the Canadian Emergency Wage Subsidy (CEWS). Key changes are:
   1. CEWS extended until December 19, 2020;
   2. CEWS to apply to companies that experienced LESS THAN a 30% decline in revenues;
   3. An additional top-up of up to 25% for employers who were hit especially hard. Additional program details can be found here.
   Tax Templates has released a really great calculator to help you calculate the CEWS, access it here.

   The remainder of this article has NOT been updated since the original CEWS was released. read more

Yearend checklist for small businesses

It’s almost time to file your 2019 taxes.

One month into the New Year, and we’re wondering… how have you reflected and learned from the previous one…  the good, the bad, and the ugly. Reflecting on all aspects of your business will help you identify areas for improvement and set realistic goals for 2020. This is a good time to get up-to-date on anything that may have taken a backseat, to clean-up, clean-house, re-energize, and re-focus.  read more