This program will provide $25 billion in total funding consisting of interest-free, partially forgivable loans of up to $40,000 to small businesses and not-for-profits in all sectors and regions. To qualify, organizations will need to demonstrate they paid between $50,000 and $1 million in total payroll in 2019. CEBA is …
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Why you should stay home this Tax Season This tax season, public health, even more than financial health, is front and centre. The Canadian government is instituting and recommending various cautionary health measures, including social distancing and working remotely, to help slow down the spread of COVID-19. At Ross & Sylvestre, …
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The deadline for completing and filing your T4s, T5s and T4as with Canada Revenue Agency (CRA) is fast approaching. By March 2,2020, the CRA requires all forms of remuneration paid out during the calendar year by your corporation to employees or shareholders to be reported using the appropriate 2019 T4, T5, or …
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December 31, 2019 is fast approaching. Check out our list of 19 Tips for Year-End Tax Planning. If any of these apply to you, or you have any questions, please contact us for further details or to discuss how we can apply them to improve your individual tax situation. SOME …
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Ross + Sylvestre Chartered Accountants Quarter 1 2019 issue of Tax, Tips, and Traps is now available. Tax Ticklers SOME QUICK POINTS TO CONSIDER: The annual TFSA contribution limit for 2019 will be increased to $6,000 (from $5,500) due to indexation. For those who have been eligible to build contribution room …
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December 31, 2018 is fast approaching. Check out Ross + Sylvestre’s list of 21 Tips for Year-End Tax Planning. If any of these apply to you, or you have any questions, please contact us for further details or to discuss how we can apply them to improve your individual tax …
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2018 Forth Quarter : Newsletter 124 Tax Ticklers SOME QUICK POINTS TO CONSIDER: A recent U.S. Supreme Court decision found that a business with no physical presence in a state may still be required to collect and remit state sales taxes. This ruling has prompted many states to begin making …
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The Q2 2018 issue of Tax, Tips, and Traps is now available. To read the full issue, please visit Ross + Sylvestre online Newsletter section on RSGroupCPA.com. Tax Ticklers SOME QUICK POINTS TO CONSIDER: CRA has required PayPal to disclose sales and other transaction records for Business Account Holders from January 1, 2014 …
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On February 27, 2018, the federal government released its annual budget. This year, unlike last year, there are not many elements that will affect the majority of our clients, with the exception of the government’s much-awaited final passive investment proposal and the new proposed rules for recovering refundable taxes on investment …
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Tax Ticklers SOME QUICK POINTS TO CONSIDER: CRA’s My Account for Individuals and My Service Canada Account are now linked such that users can easily switch between online personal tax information and other benefits (ex. EI, CPP, and OAS). Employers will soon be able to distribute T4s electronically (provided certain …
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