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Donations: Deduct Personally or in a Corporation??

Donation

We were recently asked for advice concerning a proposed large charitable donation. The simple question was “Should it be made personally or through a corporation?”. As is usual in all things tax-related, the answer is “It depends…” In this case, there is a very large capital gain on the sale of ...

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Sloan Partners Named Auditor of Chasdei Kaduri Jewish Food Bank

food bank

Sloan Partners is proud to have been selected as an auditor of the Chasdei Kaduri Jewish Food Bank. Founded in 2013,  it is the largest volunteer-run Jewish organization that provides free weekly delivery of non-perishable food, fresh bakery goods, fresh produce, eggs, and dairy to the ...

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Client Spotlight: Introducing the Magic of Opera to Children

Client Spotlight - Ken Hall

Ken Hall admits that he doesn’t run with the toughest crowd.  As the Managing Director of the Canadian Children’s Opera Company (CCOC), Ken has the pleasure of working with some of the most talented children in the Greater Toronto area.  And let’s face it, opera-loving children don’t conjure up ...

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How Will 2018-19 Tax Changes Affect You?

Man holding a card with a text Tax Reforms.

Tax season is upon us again and with that in mind, here is a refresher of recent changes you may have missed and what you can expect in 2019. Personal Taxes Increase in CPP Contributions: As part of the government’s overhaul of the Canada Pension Plan, contributions will increase in 2019 to ...

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CRA requests for personal banking info: Out of line?

Corruption audit concept. Inspector using magnifying glass for inspect budget corruption."n

Many practitioners are surprised when tax auditors ask for banking records from business owners and their families. Find out the reasons behind these requests and how you can make small business audits proceed more efficiently. Asking taxpayers for their personal banking information is invasive ...

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Eliminating Unexpected Accounting Fees for CRA Audit Activity

Auditor team checking in financial statement for audit internal control system. Accounting , Accountancy, Bookkeeping Concept.

We are excited to introduce a new service offering to our valued clients – the Audit Shield Fee-Waiver Service. This is service is supported Accountancy Insurance Brokers Ltd. Simply put, clients that participate in this service will have our fees waived for responding to audits, enquiries, ...

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Halloween Celebrations at Sloan Group

WhatsApp Image 2018-11-26 at 9.53.42 AM

Sloan Group celebrated Halloween by hosting a costume contest where everyone voted for their favourite costume. Employees had a freaky fun time with creative costumes and the party ended with a festival-themed lunch. Check out all the best moments from the fun afternoon.      

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Tax Update – Federal Fall Economic Update And Ontario Government Decision On Corporate Passive Income

Federal Tax UpdateV3

The Federal Government’s 2018 Fall Economic Update cites the radical tax changes in the US which have eroded the relative tax advantage for corporations doing business in Canada.  In response, the federal government has announced $16.5 billion in tax measures over the next six years and $1 ...

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Take Charge of Your Financial Well-being

Financial Literacy written on a notepad sheet. Education concept.

Each November, many agencies coordinate efforts to strengthen the financial literacy of Canadians and empower them to: Manage money and debt wisely Save for the future Understand financial rights and responsibilities While most of the people I meet as an accountant and advisor are knowledgeable ...

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Update: TOSI (The Tax on Split Income)

Accounting , Accountancy, Audit Concept. Business people using calculator review data in financial statement.

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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1994 Capital Gains Election

Financial consulting concept. Compass needle pointing the word gains over black background with blur effect

1994 Capital Gains Election (a BLAST from the Past) Recently, we have prepared a number of personal tax returns for clients who own property acquired before 1994. Property includes cottage property, artworks, securities and rental property.  Way back in 1994, the government eliminated the ...

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Pay Your Sloan Bill Online

SECURE PAYMENT CONCEPT

We are excited to announce that Sloan Group now offers you the ability to pay your Sloan invoice online using a secure online payment page. You can now make your payment in full from the comfort of home. Which Payment Methods are Accepted? Credit Card – Pay with Visa or MasterCard. ...

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