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RLB’s 10th Annual Not-for-Profit Seminar

RLB’s 10th Annual Not-for-Profit Seminar

On October 22nd, we held our 10th Annual Not-for-Profit Seminar. Since this was the first time we have held this event virtually we wanted to take this unique opportunity to share the incredible presentations from our experts with you. Please click on the links below to hear from our talented an knowledgeable presenters and learn more about Embracing the Changing Landscape. 

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The Fine Print of the CEBA

The Fine Print of the CEBA

At this point in 2020, it is likely that most businesses have either heard of the CEBA benefit, taken advantage of it or are in the process of completing their applications.

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RLB Fall Webinar Series: Business Valuations 101

RLB Fall Webinar Series: Business Valuations 101
October 19, 2020

Why would I need a valuation?

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Charity vs NPO: Aren’t they the same thing?

Charity vs NPO: Aren’t they the same thing?
October 16, 2020

Are the terms “registered charity” and “not-for-profit organizations (NPOs)” interchangeable? How do they differ? First and foremost, we need to define each of these terms. While both a registered charity and an NPO fall under the larger description of the voluntary, not-for-profit or community benefit sector, and both operate on a not-for-profit basis, their definitions are different according to the Income Tax Act (ITA). If an organization meets the definition of a “charity” it cannot also be considered a not-for-profit organization under the ITA. This is true even if the organization is not registered or cannot be registered as a charity. It simply can not be considered a not-for-profit organization.  

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Reporting for the Temporary Wage Subsidy

Reporting for the Temporary Wage Subsidy
October 15, 2020
| Taxes

The Temporary Wage Subsidy (TWS) was a 3-month program that allowed eligible employers to reduce their source deduction payments to CRA.  It was based on remuneration paid from March 18 to June 19, 2020.  There was a maximum of $1,375 per eligible employee and a maximum of $25,000 per employer.

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Personal Real Estate Corporations

Personal Real Estate Corporations

Benefits of Incorporation for Realtors  

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Canada Emergency Rent Subsidy (CERS) – New Relief & New Acronym

Canada Emergency Rent Subsidy (CERS) – New Relief & New Acronym
October 14, 2020

On Friday, October 9, further COVID-19 relief measures were announced outlining the expansion of existing programs and creating a new program, the Canada Emergency Rent Subsidy (CERS). Details are still forthcoming, but we have some insight into the framework of these program changes and additions.

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Is Incorporation the Next Step?

Is Incorporation the Next Step?

So your business is starting to earn more money, and with that – you're paying more taxes. Is it time to consider incorporation? The answer isn't that simple. 

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Ask the Expert: Can We Provide a Donation Receipt?

Ask the Expert: Can We Provide a Donation Receipt?
October 2, 2020

Question: Can we issue a donation receipt for services received? One of our members has repainted our classrooms and instead of payment has requested that we provide a donation receipt for the services.

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Claiming a Home Office (For Employees)

Claiming a Home Office (For Employees)

As Autumn arrives and we get close to the extended personal tax deadline (yet again!), you may be wondering how your personal tax situation is impacted for 2020, the year we are currently in, the year of COVID-19.  A topic that is top of mind for many clients and even family members who are now working mainly from a home office is, "Can I claim a deduction for this?"

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