2021 Budget Update

2021 Budget Update

It’s been said that no news is good news, and that certainly applies to the 2021 Federal budget. Before it was released, there were a number of educated guesses as to what it was going to contain, including a potential increase to GST or instituting a capital gains...
Could we be doing taxes differently?

Could we be doing taxes differently?

As a CPA with the license to practice both in Canada and the US, I’m in the relatively unique position of being able to look at tax returns filed in both countries. I’ve noticed there are two rules in the US tax system which would benefit a lot of people if they were...
September 30th is looming! Are you ready?

September 30th is looming! Are you ready?

The CRA announced earlier this year that individuals who owed federal income tax and/or were scheduled to make instalments between April and September had until September 30th to make their payments. While it gave breathing room to those who saw their income go down...