RLB Blog

It’s that time of year again; T4 Season!  2024 T4 slips are due to be handed out to employees by February 28, 2025.  The penalty for failing to distribute T4 slips to recipients is $25 per day for each such failure, with a minimum penalty of $100 and a maximum of $2,500.

.author-area {display:none !important} Executive summary Simplify your tax filing process with the compiled key deadlines for middle-market taxpayers. This article is your solution for tracking important tax dates. Timely filing and payment can help you avoid delays in refunds, benefits or credits, and can prevent late filing or payment penalties and interest.

.author-area {display:none !important} Executive summary Canadian businesses and individual taxpayers should consider a proactive approach to tax planning amid heightened uncertainty following Justin Trudeau’s resignation as Liberal Party leader and prime minister on Monday. The subsequent proroguing of Parliament could pose concerns as the tax policy implications of Trudeau’s departure remain undetermined.

As in any interactive setting, the workplace is susceptible to conflict. While it’s something that many of us would rather do without, it’s important that conflict be addressed in order to foster a productive, harmonious work environment for all.

It is the beginning of a new year, and RLB is proud to share the news of the advancement of two of our team members within the organization. We are excited to welcome these individuals into leadership positions within our firm and look forward to their contributions to our team. 

On November 27, 2024, Finance Minister Chrystia Freeland tabled Bill C-78. Included in this bill, the Canadian government has announced a significant tax relief initiative aimed at easing the financial burden on consumers during the holiday season. This temporary measure will provide a two-month GST/HST break on a wide range of holiday essentials. Here’s what you need to know.

.author-area {display:none !important} Executive summary Canadian companies may need to be concerned with President-elect Donald Trump's proposal to impose tariffs on Canadian goods entering the U.S., which has the potential to disrupt key industries, such as crude oil. This move may impact trade agreements like CUSMA, possibly extending trade tensions to Mexico as well.

.author-area {display:none !important} Executive summary The Canadian real estate sector is navigating a period of significant tax reforms, aimed at curbing speculative investments, promoting housing affordability, and encouraging sustainable construction. As 2024 year-end approaches, real estate stakeholders should be mindful of pivotal changes that will impact tax compliance obligations.

With Taylor Swift taking over Toronto, homeowners who rent out their home on a short-term basis could find themselves saying, “Look What You Made Me Do”. Here’s how renting to Swifties might turn your extra income into a surprise tax bill you didn’t plan for.

In the competitive landscape of small and medium-sized businesses (SMBs), effective leadership is essential for growth and sustainability. One critical aspect that often gets overlooked is emotional intelligence (EI). As business owners, cultivating emotional intelligence within your leadership approach can transform your organization, enhance employee satisfaction, and drive performance.