“When businesses work together, great things happen.” Indeed!
A number of clients have recently needed an explanation on the difference between beneficiaries named in a Will and beneficiaries named to a particular investment. When an individual dies, the value of all assets held on the date of death are subject to a Provincial “Estate Administration Tax” (usually called Probate tax) except those that … Read more
The biggest change, once one retires, is the lifestyle change: what do you do when you used to go to work. This can be a hard adjustment. Another big change is in the area of finances and taxation and that is what we will look at here. Debt Debt is simply much more difficult to … Read more
GICs, or Guaranteed Investment Certificates, were once very popular. Essentially a GIC is a loan you make to a financial institution for a fixed rate of interest for a fixed period time. With interest rates currently very low the GIC seems to have fallen out of favour but let’s give it a second chance. The … Read more
We’ve re-opened our office to the public, but you will notice some changes. Not unlike other businesses in our area, your experience when visiting us will be different, but these measures are in place to keep our staff and our clients safe. Just dropping documents off? You may come into the reception area (maximum 3 … Read more
Written by Gwyneth James MBA CPA, CGA Senior Partner If you have been a little busy lately managing work, kids, or other responsibilities you may have missed a few changes to tax- and employment-related rates for 2019. Here’s a quick recap: The maximum rate per kilometer that an employee or shareholder is allowed to claim … Read more
Written by Gwyneth James MBA CPA, CGA Senior Partner Okay, I know…accounting is the farthest thing from your mind right now, but hear me out. There are just a few items that you need to take care of while you sip your glass of eggnog. If you have a business, don’t forget to take an … Read more
Written by: Gwyneth James MBA CPA, CGA Senior Partner You’ve been moving around and renting for the past five years or more, but now want to buy a home. Unfortunately, the only savings you have are in RRSPs. Don’t cash them in! The Home Buyer’s Plan (HBP) allows you to “borrow” up to $25,000 of … Read more
Written by: Gwyneth James MBA CPA, CGA Senior Partner It’s your first day on the job and you’ve been handed a pile of paperwork to complete and sign plus the employee policy manual to read and a Health & Safety video to watch. In the midst of the chaos, you probably don’t understand – or … Read more
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