To help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article:
• Details about the different COVID-19 benefits programs and the tax ramifications of them
• Information about family tax issues including the Canada Child Benefits and tips on how to split income.
• Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments.
• Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.
https://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2020/12/Personal-tax-planning-tips-2020@1000px.png?time=17141550155631000Horizon Financialhttps://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2019/12/horizonEnfold2.jpgHorizon Financial2020-12-02 14:07:542020-12-02 14:48:37Personal Tax Planning Tips – End of 2020 Tax Year
The new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19.
An additional 25% Lockdown Support is available during a public health lockdown order.
https://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2020/11/CERS_STARTS_TODAY.gif?time=1714155015280500Horizon Financialhttps://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2019/12/horizonEnfold2.jpgHorizon Financial2020-11-23 14:01:152020-11-23 15:00:15Applications for the new Canada Emergency Rent Subsidy starts today!
Segregated Funds and Mutual Funds often have many of the same benefits however there are key differences you should consider like Maturity and Death Benefit Guarantees.
The Canada Recovery Benefit (CRB) is now open for applications.
If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
Great news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
Personal Tax Planning Tips – End of 2020 Tax Year
/in 2020 Only, Blog, Charitable Gifting, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students, disability, disability insurance, Family, financial advice, Financial Planning, health benefits, pension plan, rdsp, Registered Education Savings Plan, rrsp, tax, Tax Free Savings Account /by Horizon FinancialTo help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article:
• Details about the different COVID-19 benefits programs and the tax ramifications of them
• Information about family tax issues including the Canada Child Benefits and tips on how to split income.
• Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments.
• Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.
Applications for the new Canada Emergency Rent Subsidy starts today!
/in Blog, Coronavirus, Coronavirus - Practice Owners /by Horizon FinancialThe new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19.
An additional 25% Lockdown Support is available during a public health lockdown order.
The Difference between Segregated Funds and Mutual Funds
/in Blog, Business Owners, Investment /by Horizon FinancialSegregated Funds and Mutual Funds often have many of the same benefits however there are key differences you should consider like Maturity and Death Benefit Guarantees.
Applications for Canada Recovery Benefit now open!
/in 2020, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners /by Horizon FinancialThe Canada Recovery Benefit (CRB) is now open for applications.
If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loan
/in 2020, Blog, Coronavirus, Coronavirus - Practice Owners /by Horizon FinancialGreat news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.