Support for Business Owners and Employees Covid 19
We know that clients have questions about the Federal government’s economic response plan, we have included a summary of the information below specifically for business owners and employees.
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Coronavirus & Market Uncertainty – $82 billion in aid for Families and Businesses
On March 18th, the Prime Minister, Justin Trudeau, announced a further $82 billion in support including $27 billion in direct support for Canadian workers and businesses. This is in addition to the $20 billion announced days earlier which includes $10 billion available through the Business Development Bank of Canada (BDC) to help small and medium-sized businesses.
Coronavirus & Market Uncertainty – Federal Government $20 billion economic aid package
On March 13th, the Prime Minister, Justin Trudeau, outlined Canada’s response to COVID-19 including new investments to help protect Canadians and businesses. The total value of an aid package could be up to $20 billion across the country which includes $10 billion available through the Business Development Bank of Canada (BDC) to help small and medium-sized businesses. Here are some details of the programs they are funding:
Estate Planning for Young Families
Estate Planning for Young Families
Financial Advice
An advisor can help you determine where you are today financially and where you want to go. An advisor can provide you guidance on how to reach your short, medium and long term financial goals.
Comparing TFSAs and RRSPs – 2020
We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.
RRSP Tax Savings Calculator for the 2019 Tax Year
The 2019 RRSP Tax Savings Calculator
Comparing TFSAs and RRSPs – 2020
We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.
2020 Financial Calendar
Financial Calendar for 2020- All the deadlines you need to know to maximize your benefits!
Business Owners: 2019 Tax Planning Tips for the End of the Year
If your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.
