On Demand CFO ServicesProfessional Income Tax ServicesBusiness Plans & Budget ServicesProcess Improvement ServicesProject Management Services

On Demand CFO Services

Stimulate company cash flows, liquidity and profitability. Get the solutions to the pressing issues your company is facing today.

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Professional Income Tax Services

Income tax planning and preparation for corporations and individuals. Proactive services that facilitate a stress-free income tax experience.

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Business Plans & Budget Services

Track the results of your operations to the short-term and long-term goals of your organization.

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Process Improvement Services

Our assessment of the processes in your organization can lead to improvements that will positively impact your bottom line results.

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Project Management Services

Services that ensure your Finance and IT projects are on time and on budget.

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Employment Expenses – What Can You Deduct?

Employment expenses are claimed on line 229 of the T1 Individual Income Tax and Benefits Return.  For a tax payer to have the option to deduct employment expenses, they must obtain a completed and signed T2200 Declaration of Conditions of Employment form from their employer.  The employee does not have to file this form with his or…

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Registered Disability Savings Plan (RDSP)

The Registered Disability Savings Plan (RDSP) is similar to a Registered Retirement Savings Plan (RRSP); the RDSP is a savings plan for Canadians with disabilities. The federal government introduced RDSPs in the 2007 Federal Budget to help parents, grandparents and others plan for the financial security of a member of the family with a disability….

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2016 Income Taxes – The Sale Or Disposition Of Your Principal Residence

Starting in the 2016 calendar year, the sale or disposition of any property a taxpayer owns must be reported on their personal income tax return.  This must be reported regardless of whether the associated capital gain is partially or fully exempt from taxation (due to the principal residence exemption).     The Schedule 3 –…

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2016 Personal Income Tax: What’s New?

There have been some changes to personal income taxes for the 2016 year. Below you will find a list of some of the key changes that could impact your 2016 personal income tax return.   Children’s Arts Amount The maximum eligible fees per child is now $250.00 (down from $500.00 in 2015), the additional supplement…

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Organizing Yourself For Tax Season

I hate to be a Grinch at this time of year, but the accountant in me must remind you of the season that comes after the Holiday season……yes Tax Season! Organizing Yourself For Tax Season It is hard to believe that we are approaching a new year.  The anticipation of 2017 will soon turned into…

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Marital Status & Your Tax Return

What is your marital status?    This seems like a very easy question, after all there can only be two possible answers; married or single right?  Well it is not as easy a question as it appears on the surface.  There is actually a third option; Living in Common-Law.    We can agree that if…

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Dividends and Negative Retained Earnings

any owner managers include dividends in their compensation arrangements.  Dividends have a more favourable tax treatment personally because they are paid by the corporation from after-tax profit;  this means that the corporation pays taxes at the corporate rate before distributing any dividends.   In addition, dividends do not require:        The payment of…

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Protect Yourself Against Fraudulent CRA Calls

ecently there have been a number of people receiving calls from individuals alleging to work for the Canada Revenue Agency (CRA). In these calls they have been threatened with court action, jail or deportation if payment of a fictitious tax liability is not made immediately. These calls are not from the CRA, but from fraudsters….

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