Resources & Articles

Domestic Tax


OAS DEFERRAL: Undoing an ApplicationOctober 27th, 2020

As of July 1, 2013, where receipt of Old Age Security (OAS) is delayed, the monthly pension is increased by a factor of 0.6% for...
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Corporate Reorganizations and Business ValuationsOctober 23rd, 2020

Tax planning can involve a long-term strategy to structure investments and business assets in a way to defer or ultimately reduce the overall taxes that...
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EMPLOYMENT INSURANCE (EI): Voluntary DepartureOctober 20th, 2020

In a June 5, 2020, Federal Court of Appeal case, the Court reviewed Service Canada’s decision to deny EI benefits on the basis that the...
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Did You Know that the Temporary Wage Subsidy has a Reporting Requirement with the CRA?October 8th, 2020

Entities that are eligible to receive the 10% Temporary Wage Subsidy (TWS) need to be aware of their reporting requirements with the CRA.  Form PD27,...
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REAL ESTATE PROJECTS: Watch Out!October 6th, 2020

General CRA activity Over the last few years, CRA has focused on purchases and sales within the real estate sector. They are reviewing transactions for...
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Personal Real Estate Corporations: What You Need to KnowOctober 6th, 2020

Many real estate agents watched the progress of Bill 145, Trust in Real Estate Services Act, 2020 (TRESA).  Early in 2020, this Bill made its...
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CHANGES TO PAYROLL: Correcting ErrorsSeptember 30th, 2020

What if I make a clerical, administrative, or system error resulting in a salary overpayment? On April 6, 2020, CRA released the updated guide RC4120...
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VIDEO CONFERENCING TIPS: Making it Look ProfessionalSeptember 23rd, 2020

In an April 29, 2020, CPA Canada article, the author provided a variety of tips for professional meetings conducted by online video conference, which has...
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WORKING FROM HOME: Reimbursing Employees for Technology CostsSeptember 15th, 2020

 In an April 14, 2020, French Technical Interpretation, CRA was asked whether amounts paid to an employee for costs of equipment for working remotely would...
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TEMPORARY LAY-OFFS: Supplemental Unemployment Benefit (SUB) PlansSeptember 8th, 2020

The purpose of a SUB plan is to allow an employer to make supplemental payments to Employment Insurance (EI) benefits, without eroding those EI benefits....
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