Resources & Articles

Domestic Tax


Reminder: Deadline for CEWS Applications Quickly ApproachingJanuary 15th, 2021

If you haven’t applied (and are eligible) for the Canada Emergency Wage Subsidy (CEWS), then you should act soon, as deadlines to apply are right...
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We Provide Comprehensive Tax Planning to Help You Keep More of Your Hard-earned Money.January 8th, 2021

Let DJB provide you with the tax advice you need to successfully reach your financial goals. Trained and knowledgeable tax professionals provide comprehensive tax planning...
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New 2020 T4 Reporting RequirementsJanuary 6th, 2021

The CRA requires that all Canadian employers must report certain income amounts on their 2020 T4 slips, “Statement of Remuneration Paid”, using new information codes...
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Could COVID-19 Have an Affect on Your Automobile Benefits?January 6th, 2021

Originally published in Business Fleet Magazine. If you drive a vehicle that is owned or leased by your employer, you will have a tax liability...
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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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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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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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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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A Summary of the 2020 Fall Economic StatementDecember 1st, 2020

On November 30, 2020, Canada’s Minister of Finance, Chrystia Freeland, released Canada’s Fall Economic Statement. This is the Federal government’s first fiscal update since before the...
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US TAX ISSUES FOR US CITIZENS AND GREEN CARD HOLDERS LIVING IN CANADANovember 24th, 2020

Filing Requirement The liability for US tax is based on both citizenship and residence. Therefore, as a US citizen you must file annual US income...
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