Income Tax for Trusts & Partnerships

Income Tax for Trusts & Partnerships

Chances are you’ve heard terms like ‘trusts’ and ‘partnerships’ before – but what do they really mean in relation to your business and filing your taxes? Below, we’ll discuss both in depth so that you have an understanding of each and their importance relative to your...
Salaries, and Dividends, and T4’s/T5’s… Oh My!

Salaries, and Dividends, and T4’s/T5’s… Oh My!

When it comes to owning and operating a business, deciding how to pay yourself can be a tricky decision to make. If your business is a corporation, meaning that it is considered to be a legal entity separate from you as an owner, you have options! You can pay yourself...
What to Know About Corporate Gifting

What to Know About Corporate Gifting

Gifts are something thoughtful that show the people around us that we appreciate and value them. Whether you’re thinking about gifting something to your customers or your employees, it’s important to be aware of the potential tax implications. After all, nobody likes...
Getting Your Business Year End Ready

Getting Your Business Year End Ready

Corporate tax season is just around the corner and for many the prospect can be quite daunting – especially if this is your first time handling your business finances. One of the best things that you can do is to start preparing early. By doing this you‘ll avoid...
COVID-19 Emergency Relief Changes

COVID-19 Emergency Relief Changes

Did you know that according to the Canadian Federation of Independent Business (CFIB), 20 percent of small businesses in Alberta don’t expect to survive this pandemic?...