Resources & Articles

Year: 2020


UNREPORTED INCOME: Statute-Barred PeriodsDecember 23rd, 2020

In a June 10, 2020, French Court of Quebec case, the taxpayer had been assessed with unreported income of $68,162, $66,192, and $31,540 for 2004,...
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Province-wide Lockdown – What Businesses Need to KnowDecember 21st, 2020

In response to increasing numbers of COVID-19 cases, Ontario will go into a province-wide lockdown.  The provincial government has announced that all regions of the...
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Infectious Disease Emergency Leave (IDEL) ExtensionDecember 18th, 2020

The Ontario government has updated its regulations under the Employment Standards Act, 2000 (ESA) to further extend Ontario’s COVID-19 period to September 25, 2021. The...
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Valuation Date – An Important ConsiderationDecember 18th, 2020

Regardless of the reason for a business valuation, an important consideration is the valuation date. One of the foundational principles of business valuation theory is...
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5 Important Considerations for Medical Professional CorporationsDecember 17th, 2020

As December 31st approaches, many medical practitioners are preparing for their first year-end amidst the pandemic. We’ve prepared a summary of 5 important items relevant...
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Tax Form T1134 Significantly Expanded for 2021December 14th, 2020

In January 2021, Canada Revenue Agency (CRA) will publish a new revised T1134 form. The revised version provides certain administrative relief but it has significantly...
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GST HST Considerations in a COVID EnvironmentDecember 11th, 2020

As businesses continue to find new ways to operate amidst the ongoing pandemic, managing the cash flow crunch is at the forefront for many companies....
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RRIF/RRSP ON DEATH: Rollover to a Child or Grandchild’s RDSPDecember 10th, 2020

Normally we think about rolling RRIFs and RRSPs to the surviving spouse upon death, however, there are other options. One such option is to roll...
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Meet the Not-for-Profit Industry Advisory TeamDecember 4th, 2020

Meet our team of Not-for-Profit Industry Advisory professionals. They understand the unique business needs of Not-for-Profit organizations and know the specific challenges that are faced.
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COMMINGLING OF PERSONAL EXPENSES IN THE BUSINESS: The Cost Could Be Very HighDecember 2nd, 2020

In a July 23, 2020, Tax Court of Canada case, at issue were a number of expenses claimed by the taxpayers (a corporation and its...
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