The 2019 Federal Budget is approaching. Every year, the date of the Budget is kept nearly as secret as the contents of the Budget itself. Usually, after weeks of rumours and speculation, the [...]
For claiming travel costs for the purposes of the northern residents’ deduction, moving expense deduction, and medical expense tax credit, a taxpayer can use the simplified method to compute [...]
Under the Income Tax Act (“the Act”) a “capital dividend” (“CD”)[1] paid by Canadian resident corporation is not included in the income of a recipient shareholder. A CD is an actual or deemed [...]
The below excerpt is from the recently-released book, Registered and Deferred Plans in Canada. This book is a hands-on reference with helpful tips, real-life examples, and guidance on a variety [...]
The government is consulting on proposed rules which will provide tax relief to public service employees who have been overpaid by some fault of the Phoenix pay system. That said, the changes [...]
As tax season approaches are you thinking “Here we go again…”? Overwhelming volume, agitated staff, clients whose needs aren’t met quickly? Poor client service means loss of current and [...]
Automation reduces the administrative work that doesn’t add value for clients. It helps firms meet client demands for 24/7 service without sacrificing profitability or personal time. One example [...]
Over the past several years, tax and accounting offices have approached technology in two different ways. Traditionally-minded businesses have stuck to the tax preparation processes they have [...]
You already interact with tools driven by Artificial Intelligence (AI) in your day-to-day life. The virtual assistant on your smart phone, your fitness tracker, and the robot vacuum in your house [...]
Ontario Minister of Finance, Vic Fedeli, announced on December 10, 2018, that the province will “match the federal capital cost allowance”. This statement presumably refers to the [...]
