RLB Blog

What is a Family Trust anyway and why do you need one? We have compiled some of the most common questions that our team receives regarding trusts to fully explain the intricacies of the Inter vivos (Family Trust) world. 

The 2018 Federal budget released draft legislation relating to new trust reporting requirements applicable for trust year-ends ending on or after December 31, 2021. The draft legislation was later revised delaying the effective date of the legislation and effective December 15, 2022. The draft legislation received Royal Assent to be applicable for trust year-ends ending on or after December 31, 2023. The new legislation changes the tax return filling requirements for trusts and additional trust information disclosure requirements were introduced.

With a new year comes new legislative updates!

One of RLB’s core values is to give back to our communities that have supported us throughout the years. As much of the world moves on from pandemic life, many families in our communities are still struggling with food insecurity and the increased cost of feeding our families. With these ongoing challenges facing our friends and neighbours, we wanted to find a way to bridge the gap.  

While it may be the most wonderful time of the year for some people, for many the holidays can be associated with stress, chaos and overwhelm.

Employee engagement is defined as “the strength of the mental and emotional connection employees feel toward the work they do, their teams, and their organization”

As the end of the year and the holidays approach many employers are looking for ways to mark the occasion and thank their employees for another successful year. Gift cards are always a great choice; they're devoid of possible allergens, they offer a world of possibilities, and they're tax-exempt.

Executive Summary On Nov. 3, 2022, Canada’s Minister of Finance, Chrystia Freeland, released Canada’s Fall Economic Statement; the government’s first update in the wake of high inflation, increasing interest rates and economic uncertainty. The 2022 Fall Economic Statement introduces several new tax measures and affirms the government’s intention to proceed with previously announced tax measures, although the implementation date of some key measures is being delayed (trust reporting rules, mandatory disclosure rules and excessive interest and financing expense limitation rules).

With buzzworthy phrases like “Quiet Quitting”, “the Great Resignation”, or “the Great Reevaluation” making media headlines, there is no denying the importance of work-life balance; now more than ever before. What work-life balance looks like will vary from person to person, and even from organization to organization.  Continuously determining the needs of employees and creating initiatives will aid in overall recruitment and retention of employees by promoting stability and thus, engagement.

RLB Chartered Professional Accountants is happy to announce that they have joined RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms, effective October 11, 2022. This affiliation gives RLB Chartered Professional Accountants access to a full range of national and international capabilities through RSM Canada LLP.