Category Archives: Disability

Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now

    Finance Minister Chrystia Freeland recently provided the government’s fall economic update. It included information on the government’s strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve summarized the highlights for you:

    • Corporate Tax Changes, including extensions to subsidy programs.

    • Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new “Work from home” tax credit.

    • Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields.

    For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.

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    Personal Tax Planning Tips – End of 2020 Tax Year

      To help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article:

      • Details about the different COVID-19 benefits programs and the tax ramifications of them

      • Information about family tax issues including the Canada Child Benefits and tips on how to split income.

      • Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments.

      • Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.

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      Getting the best from a financial advisor

        Working with a professional to help you to make sense of your finances can be a wise move, but for this relationship to work effectively it is important that you understand what to expect from your financial advisor. What can your financial advisor help you with? Defining your financial goals and creating a step by

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        2018 Federal Budget Highlights for Families

          Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family. Below are some of the most significant changes to be aware of: Parental Leave The government is creating a new five-week “use-it-or-lose-it” incentive for new fathers to take

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          Tax Credits and Benefits for Age 65

            You’ve worked hard all your life, and it’s about time you reaped the fruits of your labor. Even if you aren’t a senior citizen yet, it helps to know what benefits and credits you or your loved ones may claim.

            Contact us to see how we can help.

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