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Tax & Accounting for Small and Mid-Sized Corporations
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Transition To CRA Digital Mail For Businesses
The Canada Revenue Agency (CRA) is transitioning to online mail as the default method for delivering most business correspondence,...
Dimitry Skupchenko
May 12 min read
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Missing and Duplicate Tax Slips on CRA Website
Starting in January 2025, the CRA implemented a new validation process for organizations that submit information returns, such as...
Dimitry Skupchenko
Apr 251 min read
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Corporate Tax Filing deadlines
General Guidance: Â Corporation income tax returns (T2) must be filed no later than six months after the business' fiscal year-end. While...
Dimitry Skupchenko
Feb 161 min read
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What you need to know about the capital gains tax changes in 2025
What you need to know about the capital gains tax changes in 2025 Background The 2024 federal budget announced that the capital gains...
Dimitry Skupchenko
Feb 41 min read
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CRA to continue with capital tax changes despite prorogation
The Canadian government has announced that the Canada Revenue Agency (CRA) will continue to implement the proposed capital gains tax...
Dimitry Skupchenko
Jan 71 min read
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The 2024 Federal Fall Economic Update
The 2024 Federal Fall Economic Update introduced several key business tax changes. One of the most significant changes is the enhancement...
Dimitry Skupchenko
Dec 26, 20241 min read
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GST Tax Holiday
GST Holiday in Canada: A Welcome Relief for Shoppers The holiday season is upon us, and this year, Canadians have an extra reason to...
Dimitry Skupchenko
Dec 13, 20242 min read
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Canada Emergency Rent Subsidy (CERS)
Businesses who have experienced a drop in sales due to the COVID-19 may apply for a subsidy to cover part of their rent expenses. Periods...
Dimitry Skupchenko
Nov 23, 20201 min read
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CEBA program ($40,000 loan) has been extended
As of June 26, 2020, businesses with less than $20,000 in payroll expenses are eligible for CEBA. The program includes owner-operated...
Dimitry Skupchenko
Jun 27, 20201 min read
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Regional Relief and Recovery Fund: COVID-19
The Government of Canada announced today nearly $1B in support to affected businesses and communities. This initiative is implemented by...
Dimitry Skupchenko
May 13, 20201 min read
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Canada Emergency Commercial Rent Assistance (CECRA)
The federal government announced an agreement in with all provinces and territories to implement the CECRA. This measure will lower rent...
Dimitry Skupchenko
May 11, 20201 min read
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Extended Deadlines for Businesses to File and Pay Taxes
Extended Deadlines for Businesses to File and Pay Taxes The Federal Government’s COVID-19 Economic Response Plan allows businesses to...
Dimitry Skupchenko
May 7, 20202 min read
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Canada Emergency Wage Subsidy (CEWS)
As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to...
Dimitry Skupchenko
May 4, 20201 min read
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How to make a tax payment to the CRA
A question that we often get asked by our business clients in the Collingwood Area is how to make a corporate tax payment to the CRA. The...
Dimitry Skupchenko
May 15, 20191 min read
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Deduction of Automobile Expenses
What is the best way to deduct car expenses? Our accounting firm often get asked tax questions from our clients located in Vaughan and...
Dimitry Skupchenko
May 15, 20193 min read
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