Pandemic checklist
Our advisory services department has drawn up a series of questions in connection with the upcoming gradual decommissioning. As you know, the next few months are going to be all about recovery. But recovery also means preparation. To help you rebuild, or perhaps improve, your financial plan, our team of financial analysts is here to […]
Lodging tax relief measures
As part of the measures taken by the Quebec government in response to the COVID-19 pandemic, it was recently announced that further relief measures would be introduced for the lodging tax. Indeed, as of April 9, 2020, the Quebec government has issued an information bulletin in which it allows an extension of the deadline for […]
EDC offers a webinar “COVID-19: Get financing and support for your business”.
(source: edc.ca) Get the funding and support your business needs On April 16, Export Development Canada (EDC) will be hosting a webinar featuring a panel of experts who will explain how to access the financial assistance and guarantees available to you. In this regard, it should be noted that the government has broadened EDC’s mandate, […]
UPDATE: Government offers employers more flexibility on Canada Emergency Wage Subsidy
(source) Department of Finance Canada The Government of Canada is taking immediate, significant and decisive action to support Canadians and employers across the country who are struggling as a result of the global outbreak of COVID-19. Today, Finance Minister Bill Morneau provided further details on the eligibility criteria for companies to apply for the Canada […]
Government announces details of Canada Emergency Wage Subsidy to help companies retain Canadians
See the update at the bottom of the text (April 2, 2020) To help Canadians and businesses manage this difficult economic period, Prime Minister Justin Trudeau announced on April 1 that the government is proposing to introduce a wage subsidy of 75% for eligible businesses, for up to three months. This subsidy is retroactive to […]
A few tips for the “paperless” implementation!
With the emergence of new technologies in recent years, the accounting world is in a state of transition. As a result, paper printing is no longer as necessary as it once was, and could be virtually eliminated within your organization. Have you ever thought of implementing the “paperless” model within your organization? This model involves […]
Important!
Did you know that as of June 13, 2019, federal corporations are required to create and update a register of individuals with significant control? It must be kept with the other registers and be available to shareholders, creditors, law enforcement agencies and Corporations Canada. Your financial institution may also request this information. The criteria for […]
Charles Darwin and Industry 4.0
Over two hundred years ago, Charles Darwin gave us his theory on the evolution of species, or “transformism” as it is commonly known. Although this theory was already circulating within the scientific community at the time, Darwin was one of the first to set out the principle of the transformation of species through time and […]
Self-employed – How can you sell your business tax-free?
Did you know that you can sell shares in a small business corporation tax-free thanks to the capital gains deduction? In fact, every individual resident in Canada can benefit from a total amount of $848,252 in 2018 (indexed annually) as a capital gains deduction on the sale of eligible shares.
However, is it possible for a self-employed person who doesn’t operate his or her business within a corporation to benefit from the same exemption in the event of a sale?
GST/QST, How to correct a mistake without affecting your finances too much?
The complexity of sales tax rules can lead to misunderstandings and errors in their application. Also, errors in transaction accounting may occur in accounting systems, resulting in taxes not being properly reported on tax returns. How can this be corrected without excessive cost?