News & Events
Keeping you up to date on matters of note, industry events, news and company updates.

Dramatic Changes to Private Company Taxation in Canada

July 19th, 2017

By Ron Walsh. The federal government has announced major changes to the taxation of private corporations and their shareholders. Draft legislation has been published pertaining to significant restrictions on payments of salaries, dividends or other income…

Should A Business Owner In BC Have Two Wills?

June 26th, 2017

By Ron Walsh. It is increasingly common for business owners, particularly in B.C., to create one Will for their shares and shareholder loans and another Will for all other assets. Why have a separate will for…

Managing CRA Online Mail

May 1st, 2017

CRA Email

For registered users of CRA My Account, you can now register for online mail.  Once registered, the CRA will no longer mail your notices to you, instead, you will receive an email notification that there is…

First Time Donor Super Credit

April 28th, 2017

Donor Super Credit

The first time donor’s super credit allows for an additional 25% donation tax credit, on top of the traditional federal rates. The maximum donation that qualifies for the super credit is $1,000.  Donations of more than…

Tax Free Savings Account (“TFSA”): Quick Facts

April 28th, 2017

Tax Free Savings Account

Each Canadian resident individual over the age of 17 can have a TFSA. The annual TFSA contribution limit for 2016 was reduced to $5,500. An individual who has never made a TFSA contribution, will have a…

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