Consider leaving your RRIF/RRSP to a child or grandchild that is financially dependent on you in their RDSP

Consider leaving your RRIF/RRSP to a child or grandchild that is financially dependent on you in their RDSP
If you are a U.S. person potentially subject to this tax, but have not filed as such, contact us to discuss your options
Failing to make source deductions,
may expose directors personally to the liability
Deducting personal expenses in a corporation can lead to a very costly bill, as in Tax Court of Canada case, July 23, 2020
Claim amount increased to $23 from $17 per meal, for a total of $69/day
Taxability of unreported income all beyond the normal reassessment period- French Court of Quebec case, June 10, 2020.
U.S. Economic Impact payments and Canada Emergency Wage Subsidy program extension announcements
Consider whether starting CPP before, after, or at age 65, would be the most advantageous
The homepage is the most important page of your business’s website. It is the virtual shop front to your business, providing your customers a first impression of what you have to offer. You only have seconds to grab your customer’s attention so it is key to make sure that they can find what they’re looking for quickly and easily.
While you’re free to be creative with the design of your homepage, there are some standard items that a user will expect to see when they arrive at your website.
Branding can be in a name, sign, symbol, slogan, words or design, or a combination of these elements, that identify the products or services of your business and help you stand out from your competitors.
A call to action is an image or text that prompts your user to take some form of action.
A good site navigation will help customers to find the different areas in your website.
Typography is the visual component of the written word, the art and technique of arranging print.
Make your first impression count! A clean and appealing web design, which is easy to navigate and highlights the key points of your business, can better attract customers than a website full of irrelevant information. If your audience can’t identify what it is your business can offer, they won’t stick around.
In a February 20, 2017 Tax Court of Canada case (Mullings vs. H.M.Q., 2016-2938(IT)I), at issue was whether preventative care associated with phenylketonuria (PKU) would be eligible for the DTC. Without the ongoing care and strict monitoring of the individual’s diet, permanent and severe rain damage would occur.
An individual may be eligible for the credit (Subsection 118.3(1)) where the ability to perform a basic activity of daily living is markedly restricted or would be markedly restricted but for therapy that:
Time spent on certain activities do not count towards the 14 hours(Subsection 118.3(1.1)). This includes time spent on activities related to:
Taxpayer wins
The Court found that the following activities counted towards the 14-hour requirement:
The taxpayer’s time spent on the above activities exceeded the 14-hour requirement per week, and therefore the DTC claim was allowed.