Featured Article New tax credits for 2022 in Canada No one likes to pay more taxes than they have to – so be sure to take advantage of all of the tax credits available. In this article, we’ll look at the new tax credits for 2022 in Canada and also discuss the key existing ones. October 26, 2022
How does inflation affect small businesses? Rising costs hurt everyone, including small businesses. Your employees may be demanding higher wages and suppliers may be increasing prices every time you place an order. And... Read more
Six key things when planning for retirement in Canada There are many articles offering advice on how to plan financially for your retirement. Money is important and we’ll certainly dive into finances in this article. However,... Read more
Unanimous Shareholder Agreement - Explained These types of agreements are usually used by companies with a small number of shareholders, which are often called “incorporated partnerships.” A unanimous shareholder... Read more
What is an arm's length employee? When you own a family business, you may have two types of employees: arms-length and non-arm’s length. In this article, we’ll discuss non-arm’s length employees, who are... Read more
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What is the RRSP Deduction Limit? An RRSP is a great way to save for your retirement. However, the Canadian government does put a limit on how much you can contribute and deduct from your taxable income. Read more
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What happens to an RRSP when you die Nobody wants to consider their own death, but it’s important to plan carefully so that your family is not hit by a huge tax bill. Read on to learn more about what happens... Read more
How are Registered Retirement Income Fund (RRIF) withdrawals taxed? Some Canadians are shocked when they realize that they must pay tax when they retire and start withdrawing money from their RRIF. However, it’s only fair. When you put funds... Read more
A brief guide to the child tax benefit in Canada The federal child benefit is a government of Canada program to help families defray the cost of raising children. If you have a child under the age of 18, read on to learn... Read more