News & Blog

Changes to General Holiday Pay You Need to Know About

Business owners, Bill 2: An Act to Make Alberta Open for Business has passed and includes changes to general holiday pay, overtime, and labor relations. Bill 2 will help restore fairness and balance to the workplace and encourage job-creators to invest in Alberta with changes to general holiday pay and overtime take effect September 1. Here’s all that you need to know: The General Rules Most employees are entitled to take general holidays and receive general holiday pay immediately upon…

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TFSA, RRSP over-contributions? Be Careful.

Whether you choose to save in a TFSA, an RRSP, or both, it’s important to take the time to understand how the plans work. It’s even more important to keep on top of your available contribution room, or you could get slapped with an over-contribution penalty tax by the Canada Revenue Agency (CRA). While the taxman does have the ability to waive any over-contribution tax, penalties and debts interest charged as a result of over-contributions, here are two cases where…

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Selling your business? Here’s some things to avoid.

If you are planning on selling your business there are many things to consider but more importantly, things to avoid. There is a lot of work, time and effort that can go into preparing and eventually selling your business so make sure you do what you can to avoid these mistakes:   Lack of preparation You and your business must be prepared for a high level of scrutiny when there is an interested buyer. All financial documentation should be readily…

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