Resources/Publications
2012 YEAR-END TAX PLANNING
With the arrival of December we all become aware that the year-end is quickly approaching. December 17, 2012 Although most of us realize that paying taxes is part of life and essential to ensure that we continue with our current lifestyles, we don’t want to pay more than our fair share. We each should set…
Read MoreEMPLOYEE OR SELF-EMPLOYED?
Employee Status – How Can I Tell If I Am Self-Employed or an Employee? April 10, 2013 Of all the questions asked of our firm, the issue of one’s status as an employee or self-employed is the most frequent and hardest to answer. It is hard to answer because there are no hard and fast…
Read MoreEXPENSES INCURRED AT THE GOLF COURSE
Can I Deduct Meal Expenses Before or After a Round of Golf? April 17, 2013 Perception is reality, especially Canada Revenue Agency’s perception of legitimate business entertainment versus pleasure. Traditionally, the CRA has taken a very strict view on entertaining clients, employees, and suppliers at clubs, camps, lodges, golf courses, and on yachts. Unless your…
Read MoreCANADA PENSION PLAN
March 4, 2016 While it is always a good idea to have some retirement savings set aside, the Canadian government has programs available that can supplement your retirement income. There are two main federal government retirement programs: the Canada Pension Plan, and Old Age Security. When planning for retirement, there is some discretion as to…
Read MoreOLD AGE SECURITY
March 4, 2016 There are two main federal government retirement programs offered by the Canadian government: the Canada Pension Plan, and Old Age Security. In a previous tax tip, we discussed the characteristics of the CPP program and the impact of taking it early or deferring it to receive later. This tip will focus on…
Read More“RUMOUR HAS IT…” – CAPITAL GAINS RATES
A potential increase in the capital gains inclusion rate next budget could cause an increase in your tax bill March 14, 2017 Currently when a capital gain occurs, only 50% of the gain is considered “taxable”. For a personal taxpayer, this 50% taxable capital gain is subject to the marginal tax rates of the taxpayer;…
Read MoreTAX TIPS
March 14, 2017 “Rumour has it…” – Capital Gains Rates May 10, 2016 CRA isn’t going to send you to jail over the phone March 4, 2016 Ontario Retirement Pension Plan March 4, 2016 Old Age Security March 4, 2016 Canada Pension Plan April 17, 2013 Expenses Incurred at the Golf Course April 10, 2013…
Read MoreCannabis in the Workplace
The Greater Kingston Chamber of Commerce and Wilkinson & Co. LLP present an informative seminar on Cannabis in the Workplace. A look at the impact of cannabis in the workplace from a Human Resource perspective. Learn how businesses can prepare for the forthcoming legalization of cannabis and related products. Identify best practices and create an…
Read MoreONTARIO RETIREMENT PENSION PLAN
(ORPP) Deferred another year, possibly indefinitely! On February 16, 2016, the Ontario Government announced that they will defer the implementation of the ORPP another year from the original start date of January 1, 2017. They are working with the federal government in attempts to enhance the current CPP and possibly eliminate the ORPP altogether. If…
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