August 6, 2020 The Canada Revenue Agency’s (CRA’s) audit programs continue to be updated. On June 25, 2020, the CRA announced one of its newest programs: they will now audit the US real estate transactions of Canadians, looking back as many as six years. Property records in the US will ...
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July 3, 2020 On July 2nd, Shawn Bausch, Sr. Tax Manager at Sloan Partners LLP, completed a mentorship session for new producers of film and TV. Ten new producers attended this private session, getting personalized advice about running the finances of a production, raising money, and optimizing ...
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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 ...
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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 ...
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In July of 2017, the Department of Finance sent the Canadian tax community and business owners into a turmoil when they announced radical changes to the taxation of businesses and owners while most people were away for vacation. One of the initiatives which survived in a modified form was the ...
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Big changes are underway for those who take advantage of the Canada Child Tax benefit. As of July 1, the Canada Child Tax Benefit is now the Canada Child Benefit, which includes payments previously made under the Canada Child Tax Benefit and the Universal Child Care Benefit. The Canada Child ...
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Howard Landau discusses how consumer credit debt can affect your life, debt solution options, and making the right decision when it comes to bankruptcy.
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Don’t let a dispute go all the way to the courtroom. A qualified ADR (Alternative Dispute Resolution) professional can help find a solution (and save significant legal fees) for everything from debtor/creditor issues to shareholder/partner disputes and estate issues. Whether it’s ...
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Made Money When You Were 71? Over Contribute To Your RSP And Minimize Your Penalty According to Burlington-based Accountant Colin Gray, one area that has recently been getting some attention is RRSP contributions for people reaching the age of 71, when they need to transition to a Registered ...
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Penalties – Given the mindset of CRA and the time of year, a quick review Failure to file an Information Return – $ 25/day, minimum $ 100 and maximum $ 2,500. Historically, I had not seen this for late filed returns. However, I think it is becoming common practice – especially on ...
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