Entries by Marwick

What to Look for In an Accountant

So, you have reached a point with your business where you have grown enough that you now need to hire an accountant, but you don’t know what you should be looking for? An accountant can make your life much easier by allowing you to shift your attention away from accounting and toward other aspects of […]

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Tax Letter February 2019

TAX LETTER February 2019 DEBT FORGIVENESS RULES TAXATION OF TRUSTS AND BENEFICIARIES RRSP vs. TFSA – WHERE TO CONTRIBUTE? PRESCRIBED AUTOMOBILE RATES FOR 2019 AROUND THE COURTS     Topics DEBT FORGIVENESS RULES TAXATION OF TRUSTS AND BENEFICIARIES RRSP vs. TFSA – WHERE TO CONTRIBUTE? PRESCRIBED AUTOMOBILE RATES FOR 2019 AROUND THE COURTS  

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Tax Letter January 2019

TAX LETTER January 2019 TWO RDTOH ACCOUNTS STARTING IN 2019 ACCELERATED CAPITAL COST ALLOWANCE:  RESPONSE TO U.S. CORPORATE TAX CUTS RE-ALLOCATION OF PROCEEDS ON SALE OF LAND AND BUILDING CAPITAL DIVIDENDS AROUND THE COURTS Topics TWO RDTOH ACCOUNTS  STARTING IN 2019 ACCELERATED CAPITAL COST  ALLOWANCE: RESPONSE TO U.S.  CORPORATE TAX CUTS  RE-ALLOCATION OF PROCEEDS ON SALE OF […]

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Tax Letter December 2018

Topics: Year-end Planning   Buying a Truck for Your Business Near Year-end?   Charities and GST/HST   Around the Courts     Year-End Planning It’s December, and time to think of some tax planning ideas. If you wait until your tax return is due next April or June, it will generally be too late to […]

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Tax Letter November 2018

Inter-Corporate dividends charitable donations on death taxation of put and call options employee stock options around the courts. November 2018   INTER-CORPORATE DIVIDENDS General Rule Normally, if a Canadian resident corporation (“Recipient”) receives dividends from another Canadian corporation (“Payer”), the dividends are tax-free for Recipient. More specifically, Recipient will include the dividends in income, but […]

The Benefits of Hiring Chartered Accountants for Small Businesses

You have the idea, the dream, and know your product or service inside out, but unless you are a chartered accountant, chances are that you are not an expert on how to make your small business the most financially viable and profitable it can be. Consider that your budding dream has more potential than you […]