Like all of you, we’ve been monitoring the evolving global impact of the novel coronavirus (COVID-19). As employers, our number one priority has always been and remains the health and safety of our people. We would like to share best practices on how you, as an employer, can uphold that commitment. We hope that this
You’ve done it. After years of hard work, saving and making smart investments, you can finally afford to purchase your first home. Now what? For many, the home buying process can be very overwhelming. From dealing with bankers, real estate agents, and lawyers, seeking out the necessary accounting advice is not usually top of
Did you know that you can use your financial institution’s online banking portal to pay your individual taxes to the Canada Revenue Agency (CRA) and you can also pay your business taxes online from a business bank account? It’s as easy as paying any of your other bills. Paying individual taxes online: Sign in to
If you use your vehicle for earning business income and have eligible travel expenses, you are probably already aware that you can deduct some of your vehicle costs. What you may not know, though, is the difference between leasing and financing a vehicle for tax purposes. If you’re considering adding a new vehicle to your
Do your employees use their personal vehicles for business purposes? The tax deduction limits and expense benefit rates have changed for 2019. Make sure you understand as an employer your responsibilities around allowances to cover expenses. Most of the limits and rates that applied in 2018 will continue to apply in 2019. However, the
Tax season is here again and deadlines are quickly approaching. The following table outlines all deadlines for both Canadian and U.S. Personal Income Tax Returns. Make sure you mark these dates in your calendar to avoid any late penalties. For more information regarding Canadian deadlines, visit the Canadian Revenue Agency’s website. For more information regarding U.S. tax deadlines,
Recently the Canada Revenue Agency (CRA) announced the prescribed annual interest rates that will be effective from January 1, 2019 to March 31, 2019. These interest rates will apply to any amounts owed to the CRA and to any amounts owed by the agency to individuals and corporations. The prescribed annual interest rates for
On June 12, 2018, Quebec Bill 150 received Royal Assent. The Bill includes changes relating to the application of the Quebec Sales Tax (QST) to supplies made by suppliers with no significant presence in Quebec through the implementation of a new “specified registration system.” What does this mean exactly? As the existing legislation is
Congratulations on meeting this year’s personal tax deadline! We can now say goodbye to tax season, stretch, and relax….but wait! There are a few things you should still be aware of. We want to give you a heads up about what to expect next and provide a few tips that may help. The Canada Revenue Agency
RLB’s Condo Team had the pleasure of being one of the exhibitors at the Canadian Condominium Institute – Grand River Chapter’s very first conference and tradeshow earlier this month! The exhibitors were offered an opportunity to share a tip or trick with the audience that related to the service they offer. RLB chose to focus
