Your Business Unleashed Blog :
Tax – Canadian Corporate

If you work in a restaurant, hair salon, hotel, or spa, you know that as a customer in Canada, it’s common to leave a gratuity for good service. However, for many businesses in this industry,…

If it moves, tax it. If it’s still moving, then tax it some more.  2025-11-15 UPDATE: This measure was cancelled in the 2025 budget bill. Taxpayers are still responsible to file and pay UHT for…

Planning to purchase capital assets? As a Canadian controlled private corporation (CCPC), your small business has access to CCA (Capital Cost Allowance) immediate expensing - a powerful tax incentive that can help your business grow…

  Wrapping Up the Year Right: 7 Helpful Tips for Proper Year End Planning for Your Business  As this year ends, it’s important to start planning for the year ahead.   Year end planning can help…

On January 12, 2022, the government extended the repayment deadline for CEBA loans. If your company's CEBA loan is repaid by December 31, 2023, up to one third (i.e. up to $20,000 on a $60,000…

The Digital Economy Program is a partnership between Business Link and Digital Main Street in which the Alberta and federal governments will provide $10 million of funding to help home-based or commercial small businesses: Improve…

With the assistance of the Federal Government, the Alberta government has committed $370 million to help and encourage hiring by private companies and non-profits. Funding is available to help offset the cost of hiring and…

Budget 2021 proposed measures to encourage Canadian Controlled Private Companies to purchase certain capital property by offering accelerated tax depreciation. In more cases, the impact will be to triple the amount of expense that can…

Tax circles have been buzzing over the recent changes to the Income Tax Act relating to Bill C-208 which aims to put private company share sales to children and grandchildren on level footing with private…

On May 19, 2021, the Government of Alberta announced the new Alberta Jobs Program aimed at helping private and not-for-profit businesses support for hiring unemployed or underemployed Albertans. Highlights: Employers can claim up to 25%…

With all the spending measures and no revenue raising measures, many in the tax community were taken off-guard by this budget. There were various rumors about how the government might pay for accumulating more national…

Budget 2021 announced that the Canadian Emergency Wage Subsidy (“CEWS”) and Canadian Emergency Rent Subsidy (“CERS”) have both been extended until September 2021. The budget announced a claw back on period 17 CEWS and beyond…