Tax Minute – The 2021 Federal Budget

Tax Minute – The 2021 Federal Budget

It used to be every year the federal government would deliver a budget, until last year. Yes, on April 19th, for those of you that missed it, the Federal government delivered their first budget in over two years.

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Tips to Stay financially Independent as You Age

Survey says A recent study by CPA Canada revealed that one in three Canadians are concerned about the impact of COVID-19 on their personal finances, with 21% revealing they plan to retire later due to the pandemic. A separate survey by Ryerson University and the National Institute for Aging (NIA) discovered that 91% of Canadians […]

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What you need to know this tax season

Although the tax deadline was extended last season, this year we’re back to the Friday, April 30 deadline. If you’re self-employed or have a spouse or common-law partner who is, you have until Tuesday, June 15 to file (though taxes owing must still be paid by April 30).

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Tax Minute – British Columbia’s LOTA

In December, we looked at the new Federal trust filing and disclosure requirements that are being rolled out this year. In a similar vein, some provinces are seeking to implement additional disclosure requirements with a view to increasing taxpayer transparency. This month, we will be taking a look at British Columbia’s newly enacted Land Owner […]

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Managing your Financial Health

Financial wellness can be a sensitive and uncomfortable discussion for many. Taking control of your finances can feel overwhelming and unattainable at times. Mowbrey Gil is here to help you navigate these waters with expert advice. Here are some simple steps that anyone can take to better understand and take control of their finances.   Increase your knowledge of financial management  Spend some time learning about debt management, budgeting, saving, investing or retirement planning. CPA Canada has resources available […]

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Future Proof your Business During the Pandemic

COVID-19 has influenced all businesses, changing the very landscape of how we interact on a professional and personal level. In many cases, small businesses have borne the brunt of these changes. The Canadian Federation of Independent Business estimates that a total of $117 billion of new debt has been loaded onto small businesses as a […]

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Stay Safe from Scams with these 5 Tips

Fraudsters continue to devise new ways to separate Canadians from their hard-earned cash, with more than 20,000 reports involving more than $43 million in losses in 2019. Staying vigilant is difficult when new scams are appearing every day. The Chartered Professional Accountants of Canada have detailed the most common scams to watch out for here. From social insurance numbers to email transfer requests, prepare for everything with […]

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COVID-19: Staying Focused on Your Employees

Keeping all staff members employed is one of the biggest preoccupations for companies these days. The combination of labor shortages and COVID-19 makes it clear that we can’t afford to lose our valuable teams. Here are a few reminders of best practices you can implement to keep your colleagues on the job. FOR TEAMS WORKING […]

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Understanding Digital and Electronic Signatures

The use of electronic signatures has skyrocketed in the last few years. It is now commonplace in many banking, real estate and legal transactions. As the software has evolved, it has also become much more accessible. Many small organizations can now easily implement and use this secure and efficient function. What is the difference between […]

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How to Avoid Common Scams During COVID-19

As most of the Canadian workforce has now moved to remote work in response to the COVID-19 pandemic, we are increasingly being targeted by fraudsters. This article outlines some of the most common scams we have seen during the current pandemic and suggests steps you can implement to keep your hard-earned dollars safe during these […]

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