We have extended our office hours for the last two weeks of April. Our office will be open from 8:00am - 6:00pm during the week (Monday - Friday) from April 16 - 27, and we will also be open from 9:00am - 5:00pm on Saturday April 14, 21 and 28!

Our team will have earned a rest after another busy tax season, so the office will be closed on Tuesday, May 1.

The Provincial Government is making changes to the Employment Standards with their Bill 17. Changes come into effect January 1, 2018, with the exception of the Youth Employment Standards which come into effect on May 1, 2018. Changes include the following:

Leaves

The new changes now include eleven types of unpaid, job protected leaves. Employees are eligible for each of these leaves after 90 days of employment (up from one year).

Most Canadians, and no doubt all small business owners, have heard a lot over the past few months about “income sprinkling”. On December 12, 2017, the Department of Finance released its final proposals concerning this issue.

Here is what you need to know:

What it is not

  • The proposed new measures are not directed at wages or salaries paid to family members. These amounts may be paid, and deducted by the business, if they are a reasonable business expense.

We have some exciting news to share to start off 2018 with a bang! 

As of January 1, 2018, we are proud to welcome Konstantin Neykurs to our Partner group!

Holding a passive investment portfolio inside a private corporation

The current system allows for a tax deferral of the individual tax payable if the shareholder leaves funds in the corporation for passive investment purposes instead of being distributed to the shareholders, through taxable dividends or salary, for the shareholders to invest personally.