Resources & Articles
Domestic Tax
OAS DEFERRAL: Undoing an Application
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 Valuations
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 Departure
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?
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!
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 Know
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 Errors
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 Professional
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 Costs
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) Plans
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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