Posts by wilkinson
CLIENT UPDATE – Federal Budget 2022
April 8, 2022 On April 7, 2022 (Budget Day) Finance Minister Chrystia Freeland announced the budget, “A Plan to Grow Our Economy and Make Life More Affordable” (Budget 2022). Budget 2022 projects a deficit for the 2022-2023 year of $52.8 billion. The deficit is projected to decline to less than $10 billion over five years.…
Read MoreClient Update – Employment Standards Act, 2000 in Ontario, Infectious Disease Emergency Leave
Employers are beginning to find it difficult to differentiate between COVID-19 sick leave and regular. How do they compensate? Do they have to compensate? It can be very confusing. Read below for our HR Solutions teams summary of the COVID-19 updates top the IDEL and a link to the forms and process released by the…
Read MoreCLIENT UPDATE March 30, 2020 Economic Response Plan Measures for Businesses and Employees
We are contacting you today to provide an update to government measures implemented to support Canadians, as well as businesses and their employees during the current COVID-19 pandemic. ECONOMIC RESPONSE PLAN On March 25, 2020 the Federal government announced updated measures to assist Canadians facing income loss as a result of the COVID-19 pandemic. Now…
Read MoreWilkinson & Company LLP COVID-19 Response
As we continue to take steps to protect the health of our team, our clients and our communities, we want to let you know about some recent developments here at Wilkinson & Company LLP. The Ontario’s Government has identified Accounting as an essentials service, and we have modified our business operations to serve you during…
Read MoreFIRM UPDATE and COVID 19 ECONOMIC RESPONSE PLAN
We are communicating with you today to provide an update on our Firm’s policies during this time as well as provide information related to the government’s COVID19 Economic Response Plan. Our office remains open, but restrictions are in place to protect you, our team members, and their families. Many of our team are working remotely…
Read MoreWilkinson & Company LLP: COVID-19 Update
We are closely monitoring the ever-evolving COVID-19 situation. We are proud of our client relationships and at times like these, those relationships are more important than ever. To enable us to continue to provide a high level of service to all our clients, while at the same time doing our part to lower levels of…
Read MoreCan you still split income with the new tax legislation?
As April 30th is approaching, many people are thinking of tax planning options in order to reduce the amount of tax that they must pay. A common method of tax planning is income splitting; this method is done by the high-income family member (transferor) diverting their investment income to low-income family members (transferee) by gifting…
Read MorePotential Increase to Capital Gains Inclusion Rate
There are always predictions about what tax changes will be included in the federal government’s annual budget. Like many times in the last several years, there is speculation that the capital gains inclusion rate will increase from 50% to 75%. This concern has gained renewed traction in the current year, due to the current Liberal…
Read MoreShould Your Investment Fees be Paid Out of Non-Registered Accounts?
Do you have a registered RRSP/RRIF/TFSA account? Do you also have a non-registered investment account? If your answer was ‘yes’ for both the questions, you could potentially increase the value of your registered account and defer the incremental taxes by paying all your fees from the non-registered account. There are various benefits to paying your…
Read MoreCareers Grow Here!
We are pleased to announce the recent promotion of Martin Gravelle, CPA, CGA, CFE to the position of Assurance Manager in our Kingston office. In this new position, Martin works with new and existing clients to provide timely and effective assurance, tax, and financial planning services. In addition, he manages task workflows, offers training for…
Read More