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Business advisory services Audit and accounting Private enterprise Tax advisory
GST/HST matters for farmers
Although the GST/HST has been with us since 1990, questions still seem to arise regarding what farming-related items are taxable or zero-rated. As a general rule, farmers typically do not charge GST/HST on their sales but do pay GST/HST on their regular purchases. However, there are several exceptions to this rule.
Nov 23, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Government rent assistance continues
The new Canada Emergency Rent Subsidy (CERS) has been reborn out of the ashes of the previous Canada Emergency Commercial Rent Subsidy (CECRA). The new CERS is a blend of the old CECRA and the Canada Emergency Wage Subsidy (CEWS) program, resulting in a rent subsidy program that uses CEWS legislation to set some of its parameters.
Nov 12, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
2020 Ontario Budget tax changes
On Nov. 5, 2020, the Ontario (ON) government announced proposed changes to the provincial tax laws.
Nov 9, 2020
Business advisory services
Look out: The new trust reporting rules are almost here
As we head in to the Fall of 2020, we are quickly approaching the new trust reporting requirements. The new trust reporting rules come into effect with taxation years ending after Dec. 30, 2021.
Steven Frye Nov 3, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Update on WSIB financial relief package
Businesses in Ontario continue to be negatively affected by the COVID-19 pandemic. To assist Ontario businesses, the Workplace Safety and Insurance Board (WSIB) announced in April 2020 the opportunity for businesses to defer their premiums due between March and August 2020.
Mark Bloch Nov 3, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Seller beware: tax issues for Canadian residents selling U.S. real estate
For a few years following the 2008 financial crisis, we saw many investors and snowbirds purchasing U.S. properties to take advantage of real estate bargains and a weak U.S. dollar.
Kevin Tippett Oct 6, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Incorporating your realtor business in Ontario
The Ontario Real Estate Association (OREA) recently announced that effective Oct. 1, 2020, Ontario realtors will be permitted to operate their business through a personal real estate corporation.
Oct 2, 2020
Business advisory services Audit and accounting Cross border and international Tax advisory
“Show me your papers, please”: zero-rated supplies of exported goods
The <em>Excise Tax Act</em> provides that generally, the supply of goods made in Canada is taxable for GST/HST purposes, and it is the responsibility of the supplier to collect the applicable GST/HST on taxable supplies.
Sep 17, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Home office expense deductions during the pandemic
With the recent increase in work-from-home arrangements due to COVID-19, many taxpayers may now be eligible to claim a deduction for their home office costs.
Sep 10, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Canada Emergency Wage Subsidy (CEWS 2.0)
On July 17, 2020, the federal government announced significant changes to the Canada Emergency Wage Subsidy (CEWS), which we will refer to as CEWS 2.0. Prior to July 17, the government consulted stakeholders seeking input for modifications needed to the program as the government’s response to the COVID-19 pandemic continues to evolve.
Sep 3, 2020
Business advisory services Audit and accounting Private enterprise Cybersecurity solutions
Cyber threats to precision agriculture
When I was asked to contribute this article regarding cybersecurity and farming, my mind immediately went to my experiences on the small family farms of my youth, where I helped relatives with haying or cattle and the technology was as complex as an old tractor and square bales. While effective, those tools were nothing like the technologies in use today.
Aug 20, 2020
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