Freezes and Re-Freezes – Beware of Inappropriate COVID-19 Tax Planning

covid tax planning - web

The COVID-19 economic downturn presents tax planning opportunities to business in light of depressed asset values and business losses. In particular, Estate Freezes and “Re-Freezes”, and using losses on portfolio investments are common strategies available to generate immediate cash flow and ...

Read MoreRead More

Capital Gains Stripping Redux – COVID implications

capital gains - web

Get ready to pay for it The latest parliamentary budget report [i] estimates a $252.1 Billion deficit in 2020-2021 while direct COVID support so far exceeds $150 Billion. We have touched upon this in past articles, and now it’s fairly acknowledged that taxes will likely be increasing to pay for ...

Read MoreRead More

Three Personal Tax Tips in a Covid-19 World

Coronavirus outbreak. Pathogen affecting the respiratory tract. COVID-19 infection. Concept of a pandemic, viral infection. Coronavirus inside a human. Viral infection causing chronic disease. 3D illustration

Home Office Expenses While the health effects of the pandemic continue to unfold, so too do the tax implications of the actions required to combat it.  We are early in the tax year, but most employees in Canada have been required to work at home for at least some portion of their work.  Under ...

Read MoreRead More

Sloan Group Releases COVID – 19 Financial Assistance Guide

Piggy Bank with Canada flag

  These are extraordinary and unsettling times.  COVID-19 is causing significant disruptions to our clients, our partners, and the many communities we serve.  To help you, we have assembled selected resources to consult in assessing how to respond to this crisis.   Please feel free to ask ...

Read MoreRead More

Confused about Canadian Government Benefits for COVID-19? Here’s a Plain Language Guide

young mother with social services or housing officer

Last week, Prime Minister Trudeau introduced an $82-billion dollar stimulus package to help Canadians through the uncertainties of COVID-19. While grateful for the financial assistance, the many government announcements have also led to confusion among Canadian individuals and business owners ...

Read MoreRead More

Canadian COVID-19 Relief: Temporary Wage Subsidy For Employers

Payroll and salaries folders stack with label on black binder on paperwork documents summary report, HR-human resources business and bookkeeping accountancy concept in busy offices

The government continues to release information on how businesses and individuals can access the financial assistance being produced for all of us financially impacted by COVID-19. Details on how to access the Temporary Wage Subsidy for employers can be found here. Prime Minister, Justin ...

Read MoreRead More

The 2019 CPA Final Exam Results are In!

cpa 640x400

The 2019 CPA final examination results were released on January 7, 2020. Sloan Partners LLP is very pleased that our two candidates, Eric Mui and Allison Ho were both successful in passing this difficult milestone in their professional careers. Eric and Allison left our Firm in December 2019 to ...

Read MoreRead More

Inside the Firm: Meet Our 2020 Co-op Students

Sloan-Enews-640x400c

  Sloan Partners is proud of its dynamic co-op program that brings multiple students to our team throughout the year. Our co-op students come from different backgrounds and fill a variety of roles within the firm. All our current co-op students are Accounting and Financial Management ...

Read MoreRead More

Four Business Credit Card Mistakes to Avoid

4 tips enews 640x400

Many businesses make use of business charge cards or credit cards. With a business card, companies are able to track expenses and categorize those expenses by date, type, and location. Business cards can be a powerful tracking tool for companies as they expand, helping them never miss out on ...

Read MoreRead More

Do I Need a GST/HST Number?

The human hand fills the last missing elements of the surface from the jigsaw puzzle. Image with words business and tax

If you’re thinking of starting your own small business, you may have heard that the first thing you need to do is register for a GST or HST number. Registering is the easy part, but what exactly is a GST/HST number and when do you actually need to get one? What is a GST/HST number?...

Read MoreRead More
Load MoreLoad More