Dan Dickinson Retirement

Dan Dickinson knew from an early age that his future lay in accounting. What he couldn’t have predicted then was that he would spend his entire 38-year career with one Belleville firm: Wilkinson and Company. That employment “streak” came to an end with his retirement on December 31, 2021.  “I always loved solving math problems…

Read More

CLIENT UPDATE – February 3, 2022COVID RELIEF PROGRAMS – GRANTS, CEBA LOAN EXTENSION, SUBSIDIES

Recently both the federal and Ontario governments have made announcements regarding new and existing COVID relief programs for businesses.  The Ontario government announced two new grants, the Ontario Small Business Relief Grant and the Ontario Business Costs Rebate Program.   The federal government provided a one-year extension for Canada Emergency Business Account (CEBA) loan repayments such…

Read More

Things You Should Know for the Upcoming Tax Season

Registered Retirement Savings Plan (RRSP): Contribution deadline: March 1, 2022  Note: contributions made by this date can be deducted form your 2021 taxable income. Maximum Contribution Limit: $27,830 Your RRSP deduction limit for 2021 can be found on your 2020 Notice of Assessment.  2021 Combined Marginal Tax Rates – Federal and Provincial  (approximates per https://www.taxtips.ca/taxrates/on.htm):…

Read More

Congratulations Scott CPE Graduate

On behalf of the Partners and staff at Wilkinson & Company, we are proud to announce that Scott Fleming has passed Common Final Exam, the last milestone in completing the academic requirements leading to the CPA designation.   A national three-day exam, the CFE assesses candidate competencies, including knowledge, professional judgment, and ethics.  Congratulations Scott!

Read More

Omicron, Inflation and the Impact on Our Investment Strategy

This article is from the Independent Accountants’ Investment Counsel Inc. (IAIC) After bouncing off new all-time highs in early November, the past two weeks saw  markets make a U-turn back towards late September levels on news of a new Covid-19  variant and indications from the US Fed that inflation may persist.   With the early reports…

Read More

CPA Canada New Compilation Engagement Summary

For the first time in almost 35 years, CPA Canada has updated the standard under which compilation engagements are to be conducted. We have put together a collection of resources including FAQs to assist with the implementation of this standard Wilkinson & Company New Compilation Engagement Summary CPA Canada Compilation Engagements Management Briefing CPA Canada…

Read More

Update on Canada Covid Supports

On October 21, 2021, the government of Canada made an announcement in respect of the future of various COVID-19 support programs. They include: The general Wage Subsidy (CEWS) and Rent Subsidy (CERS) will expire on October 23, 2021. The Hiring Subsidy (CRHP) will be extended until May 7, 2022 with the subsidy rate to be…

Read More

CLIENT UPDATE – October 28, 2021 COVID RELIEF PROGRAMS

On October 21, 2021, the federal government announced the next phase of COVID relief programs for both individuals and businesses.  For individuals, the Canada Recovery Benefit (CRB) ended October 23, 2021 and is being replaced with the Canada Worker Lockdown Benefit (CWLB) focused on those out of work due to a government-imposed lockdown.  The existing…

Read More

CLIENT UPDATE – October 27, 2021 Action Needed – New Online Ontario Business Portal

This bulletin is inform you of an important change in how Ontario businesses and not-for-profits will be required to deal with the Government of Ontario.  Service Ontario has launched an online portal, the Ontario Business Registry, for businesses and not-for-profit corporations that are registered, incorporated, or licensed to carry on business in Ontario. This service…

Read More

Federal Budget: 2021

On April 19, 2021 (Budget Day) Finance Minister Chrystia Freeland announced the first budget presented by the government in two years, “A Recovery Plan for Jobs, Growth, and Resilience”. The Budget indicates that the deficit for the 2020-2021 year was $354 billion, anticipates a deficit of $154 billion for 2021-2022 fiscal year and projects that…

Read More

Categories

Archives