September 13, 2021

Tax Tips and Traps – 2021 – 3rd Quarter

TAXTICKLERS…somequickpointstoconsider… Access to the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy(CERS) and Canada Recovery Benefits has been extended to October 23, 2021. A recent […]
July 21, 2021

Older seniors to get extra Old Age Security in the coming months

One-time $500 payment, plus extra 10% annually for those over age of 75 in 2022 comes on top of indexation adjustment.   Seniors may be in […]
April 21, 2021

Commentary on the Federal Budget 2021

A. Personal Measures COVID-19 Benefit Amounts – Tax Treatment Budget 2021 proposes to allow individuals the option to claim a deduction in respect of the repayment […]
March 30, 2021

Canadian Tax Planner

As the devastating economic consequences of the novel coronavirus pandemic started to emerge, the Bank of Canada hurriedly pushed through cuts to its key policy interest […]
March 30, 2021

Canadian Tax Planner

Death and Taxes – Tax Planning Opportunities and Pitfalls With the Canadian demographic aging and a health crisis sweeping the globe, many individuals are reflecting on […]
March 23, 2021

“That’s not a write-off” scene from Schitt’s Creek

March 23, 2021

Pattie Lovett-Reid: Don’t even think about trying to outsmart Canada Revenue Agency

 HUNTSVILLE, ONT. — As the April 30 tax filing deadline rapidly approaches, it isn’t wise to think you can outsmart the Canada Revenue Agency. They know where […]
March 13, 2021

Canadian Financial Planner

As the devastating economic consequences of the novel coronavirus pandemic started to emerge, the Bank of Canada hurriedly pushed through cuts to its key policy interest […]
March 1, 2021

There are new rules this tax season, courtesy of COVID-19. Here’s what you need to know

Those who worked from home may get money back while those who collected benefits may get tax bill. Heads up, Canadians: Due to the COVID-19 pandemic, […]
February 13, 2021

Pattie Lovett-Reid: RRSP or TFSA, what’s right for you?

HUNTSVILLE, ONT. — The clock is ticking – RRSP or TFSA – you decided, but it’s a good idea to pick one of them. It is […]
January 20, 2021

CANADA PENSION PLAN: Costs are Increasing in 2021

The maximum pensionable earnings and contribution rate for 2021 have now been released and are a surprise to many; the cost of CPP is significantly increasing. […]
January 19, 2021

CPP: When to Apply?

While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving earlier at a cost, or later for a greater […]
January 16, 2021

2020 YE Tax Planning

SOME 2020 YEAR-END TAX PLANNING TIPS INCLUDE: 1)      Certain expenditures made by individuals by December 31, 2020 will be eligible for 2020 tax deductions […]
January 15, 2021

Pattie Lovett-Reid: Pandemic aid will need to be included when you file your taxes

Tax season is fast approaching and Canadians will be required to include the total amount of any aid they received from a number of government programs […]
December 17, 2020

Federal government has no plans for debt forgiveness over CERB confusion, says Qualtrough

Employment Minister Carla Qualtrough said today she feels “bad” for Canadians who applied for the Canada Emergency Response Benefit thinking that they met the minimum income requirement, only to […]
November 16, 2020

CRA extends work-from-home reimbursement to cover office equipment, not just computers

At the Canadian Tax Foundation’s annual conference held in late October, the Canada Revenue Agency provided a bit of good news when responding to a couple […]
August 17, 2020

WORKING FROM HOME: Reimbursing Employees for Technology Costs

In an April 14, 2020 French Technical Interpretation, CRA was asked whether amounts paid to an employee for costs of equipment for working remotely would be […]
July 15, 2020

Strapped for cash? How to uncover unclaimed money that may belong to you

There could be lost cheques, a dormant bank account or an inheritance waiting for you Strapped for cash during the COVID-19 pandemic due to the economic slowdown? […]
May 24, 2020


STARTING A BUSINESS AND NOT GETTING PAID: Can I collect EI? In a January 10, 2020 Federal Court of Appeal case, the Court conducted a judicial review of […]
May 9, 2020

Can you deduct expenses if you’re forced to work from home in the pandemic?

Writer: JAMIE GOLOMBEK Tax Expert Financial Post Jamie Golombek, CPA, CA, CFP, CLU, TEP is the managing director, Tax & Estate Planning with CIBC Private Wealth […]
March 31, 2020

We are truly living in unique times

March 20, 2020

Tax deadline extended due to COVID-19 crisis

The federal government is giving Canadians more time to file and pay their taxes this year, as a result of the COVID-19 pandemic.   TORONTO — […]
March 3, 2020

‘It felt like winning the lottery’: Your unclaimed money could be a click away

No, this isn’t a scam: A new ‘uncashed cheques’ feature on the Canada Revenue Agency (CRA) website has Canadians cashing in. EDMONTON — No, this isn’t […]
February 25, 2020

Everything you need to know to file your taxes in 2020

If you purchased a home using the Home Buyers’ Incentive or were prescribed cannabis for medical use then you may be affected by changes to Canada’s […]
February 13, 2020

RRSP contribution deadline is March 2, 2020

RRSP March 2, 2020 is the deadline for contributing to an RRSP for the 2019 tax year. December 31 of the year you turn 71 years of age is the last day […]
February 1, 2020

Calgary widow forced to pay $270K to CRA

Calgary widow forced to pay $270K to CRA over beneficiary oversight Donna Phillips’ patience is wearing thin as she fights to have $270,000 in tax losses […]
January 24, 2020

Tax, Tips and Traps

TAX TICKLERS… some quick points to consider…   The amount of income an individual can earn without paying tax (basic personal amount) will begin increasing in […]
January 23, 2020

Your Shareholder Loan and the CRA

After reading this article you’ll understand what a shareholder loan is and how to use it.  You’ll also be aware of potential tax issues that can […]
January 23, 2020

2020 Deadlines

2020 Tax Due Dates for Canadians A new year is here and as diligent accountants (read: nerds), we’re already planning for 2020. To get the ball […]
January 3, 2020

Tax Changes Canadians Need to Know About for 2020

Written by: Sean Cooper When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top of mind. While all […]
December 20, 2019

CPP Pension Users: 2 Crafty Ways to Avoid the 15% OAS Clawback

If you’re one of the many Canadians who are approaching retirement, you have probably heard of the Old Age Security (OAS) program. While the Canada Pension Plan […]
December 20, 2019

These are the tax changes you need to know about for 2020

Jamie Golombek: For one, there’s an increase to the basic personal amount Canadians can earn before facing federal income tax This week, the government announced increases […]
December 4, 2019


December 31, 2019 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these […]
November 6, 2019

‘They told me it was untaxable in 1965’

‘They told me it was untaxable in 1965’ no excuse for failing to declare income, judge finds Jamie Golombek: You can rack up significant penalties and […]
November 2, 2019


TAXABLE BENEFIT: Parking Pass In a June 10, 2019 Federal Court of Appeal case, the Court upheld the previous Tax Court decision which classified an employer-provided […]
September 13, 2019


Should you donate personally or through your corporation?  In Alberta, there is an added incentive to make donations personally, as each dollar of donations (in excess […]
September 1, 2019

Invaluable Benefits of Corporate Life Insurance

Did you know that a corporations can also benefit from a life insurance policy? Insurance policies can be more than just offering funds to cover funeral […]
August 20, 2019

Tax Ticklers Edmonton – 3rd Quarter – 2019

SPECIAL WORK SITE ALLOWANCE: Home Base Needed In a January 29, 2019 Technical Interpretation, CRA discussed the criteria for tax-exempt allowances for board and lodging received […]
May 18, 2019

Tax Ticklers Edmonton

Guidance from the Government of Canada on the new CPP regime, with a specific focus on the age to start your CPP retirement pension is now […]
April 10, 2019
Consulting Services

Consulting Services Edmonton

Professional consulting services are essential to the stability and growth of every business. The solution to your strategical challenges requires a second set of eyes from […]
March 29, 2019

Tax Tips and Traps 125, 2019 – 1st Quarter

TAX TICKLERS… some quick points to consider… The annual TFSA contribution limit for 2019 will be increased to $6,000 (from $5,500) due to indexation. For those […]
March 23, 2019

Commentary on the Federal Budget 2019

On March 19, 2019 the Honourable Bill Morneau, Minister of Finance, presented the 2019 Federal Budget, Investing in the Middle Class, to the House of Commons. […]
March 17, 2019

What’s New for 2018 Personal Tax Season?

Canada Revenue Agency Payment Options CRA My Payment   Our top recommendation for paying any tax balance is through CRA’s “My Payment” function that allows you […]
February 19, 2019

Why bookkeeping is important for businesses!

Do you ever feel you are wasting too much time handling all the invoices, recording purchases or finding that one missing transaction? Don’t you think you […]