Freezes and Re-Freezes – Beware of Inappropriate COVID-19 Tax Planning
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 ...
- Matthew Martin
- June 25, 2020
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- Blog
- 175
Capital Gains Stripping Redux – COVID implications
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 ...
- Matthew Martin
- June 25, 2020
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- Blog
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Three Personal Tax Tips in a Covid-19 World
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 ...
- Maria Dianes
- April 23, 2020
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- Blog
- 663
Sloan Group Releases COVID – 19 Financial Assistance Guide
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 ...
- Matthew Martin
- April 2, 2020
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- Blog CRA News Uncategorized
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Confused about Canadian Government Benefits for COVID-19? Here’s a Plain Language Guide
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 ...
- Matthew Martin
- April 1, 2020
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- Blog News Uncategorized
- 893
COVID-19 and Life Insurance: Do It Now…Rates are going up!
As an accountant and financial advisor for over forty years, I have preached and continue to preach the need to constantly evaluate and mitigate risk. That doesn’t mean I would advise a client to not to take any risk, but to assess risks and their potential benefits. I believe in insurance, ...
- Matthew Martin
- March 31, 2020
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- 549
Canadian COVID-19 Relief: Temporary Wage Subsidy For Employers
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 ...
- Matthew Martin
- March 30, 2020
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- Blog Uncategorized
- 535
Transition Tax Relief
If you have paid US Transition Tax or GILITI for a Small Business, you may be in a position to get some or all of it back On December 24, 2019, the US District Court handed down a momentous ruling allowing a lawsuit against the Treasury Department to proceed. The suit alleges that ...
- Matthew Martin
- February 13, 2020
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- Uncategorized
- 409
Take Control of Your Money: Three Personal Finance Tips:
In the world of personal finance, there are a few things that everyone should be doing to ensure fiscal health and longevity. If more people would take a few simple steps like evaluating their spending habits, reducing their personal debt-load, and saving up a few months of living expenses, ...
- Matthew Martin
- January 29, 2020
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- 567
The 2019 CPA Final Exam Results are In!
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 ...
- Matthew Martin
- January 29, 2020
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- Blog
- 354
Inside the Firm: Meet Our 2020 Co-op Students
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 ...
- Matthew Martin
- January 29, 2020
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- Blog
- 416
Four Business Credit Card Mistakes to Avoid
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 ...
- Matthew Martin
- January 29, 2020
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- Blog
- 467