by Roberto Belingueres | Dec 22, 2021 | Articles & Publications, Covid
The Government of Canada Temporarily Expands Access to Lockdown Program and Worker Lockdown Benefit From: Department of Finance Canada News release December 22, 2021 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is committed to...
by Roberto Belingueres | Dec 17, 2021 | Articles & Publications, Covid
Legislation to create jobs and implement targeted COVID-19 support receives Royal Assent From: Department of Finance Canada News release December 17, 2021 – Ottawa, Ontario – Department of Finance Canada Today, the Honourable Chrystia Freeland, Deputy...
by Roberto Belingueres | Dec 14, 2021 | Articles & Publications, Taxes
How to Register for My Business Account If you are a business owner and haven’t registered your business account with CRA, we encourage you to watch the video or follow the steps below. To get started, go to canada.ca/my-cra-business-account and select...
by Roberto Belingueres | Dec 14, 2021 | Articles & Publications, Taxes
Essential tax numbers: updated for 2022 Use this handy list of tax numbers as a quick reference. Working individuals Maximum RRSP contribution: The maximum contribution for 2022 is $29,210; for 2021, it’s $27,830. The 2023 limit is $30,780. TFSA limit: In 2022, the...
by Roberto Belingueres | Dec 11, 2021 | Articles & Publications, Payroll
December Year End Readiness Update Year-End is almost here! RGB Accounting and ADP want your Year-End to be less stressful and less work. After processing your last payroll for 2021, ADP will automatically run a new Tax Form Trial Run Report. What should you do?...
by Roberto Belingueres | Nov 22, 2021 | Advisory, Articles & Publications, Taxes
Do corporate loans count as taxable income? When shareholders or employees borrow money from a corporation, that money is generally considered taxable income. But this rule, like many CRA rules, has exceptions. Many shareholders and employees borrow funds from their...
