Box 45 on T4s – What you Need to Know
If you fill out your own T4s, you may notice a new box, box 45. Here’s a brief explainer with everything you need to know so…
Categories
Fall Economic Update 2023
On November 21, 2023, Finance Minister Chrystia Freeland gave the government’s 2023 Fall Economic Update. The Update projects deficits of $38.4 billion for 2024–25 and $38.3…
Trust Reporting Reqiurements that May Apply to You
The new Trust Reporting rules are now in effect for the year ended December 31, 2023 and apply to all trusts regardless of whether they have…
5 Will Myths Debunked
Creating a Will is a vital step in ensuring your assets are distributed according to your wishes. However, there are common misconceptions that often deter people…
Wills and Estates Made Simple: Your Glossary for Legal Lingo
Have you ever felt lost in the maze of wills and estates terminology? Don’t worry; we’re here to demystify it all. Whether you’re planning your estate…
Mastering the Art of Strategic Planning
Why Your Business Needs a Game Plan Introduction: In the fast-paced world of business, having a strategic plan is like having a secret weapon that propels…
Individual Pension Plan (IPP)
An IPP is a tax-deferred savings vehicle used to invest and save for retirement. Contributions are tax-deductible and made directly from the corporation. Similar to an…