Entries by Marwick

Tax Letter May 2019

TAX LETTER May 2019 FEDERAL BUDGET HIGHLIGHTS THE CAPITAL GAINS EXEMPTION DEBT INSTRUMENTS WITHOUT ANNUAL INTEREST PAYMENTS APPRENTICESHIP JOB CREATION TAX CREDIT AROUND THE COURTS   Topics FEDERAL BUDGET HIGHLIGHTS THE CAPITAL GAINS EXEMPTION DEBT INSTRUMENTS WITHOUT ANNUAL INTEREST PAYMENTS APPRENTICESHIP JOB CREATION TAX CREDIT AROUND THE COURTS  

Tax Letter April 2019

TAX LETTER April 2019 TAXATION OF PARTNERSHIPS RESERVES FOR ACCOUNTS RECEIVABLE RESERVES FOR CAPITAL GAINS EMPLOYEE LOANS SALE OF DEBT INSTRUMENT WITH ACCRUED INTEREST DEBT FORGIVENESS RULES AND INSOLVENT CORPORATIONS AROUND THE COURTS   Topics TAXATION OF PARTNERSHIPS RESERVES FOR ACCOUNTS RECEIVABLE RESERVES FOR CAPITAL GAINS EMPLOYEE LOANS SALE OF DEBT INSTRUMENT WITH ACCRUED INTEREST […]

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Tax Letter March 2019

TAX LETTER March 2019 HST QUIZ — IS YOUR BUSINESS CHARGING IT PROPERLY? NON-QUEBEC BUSINESSES SELLING TO CONSUMERS IN QUEBEC WHEN CAN THE CRA NO LONGER REASSESS YOU? TAX-FREE SAVINGS ACCOUNTS HST QUIZ — THE ANSWERS AROUND THE COURTS   Topics HST QUIZ — IS YOUR BUSINESS CHARGING IT PROPERLY? NON-QUEBEC BUSINESSES SELLING TO CONSUMERS […]

Tax Checklist 2019

It’s Time for Taxes – Your Essential Checklist for 2019 It’s nearly April already, which means the filing deadline for taxes is nearly upon us. Although tax season is never a fun time, it doesn’t have to be stressful. The Newport Group has prepared an essential checklist to help you stay on top of the […]

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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 […]