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...
by Roberto Belingueres | Nov 21, 2021 | Advisory, Articles & Publications, Taxes
Beware of using your corporation’s income to pay personal expenses. Suppose you own an incorporated business or professional corporation. In that case, it can be pretty tempting to pay for various personal expenses out of your corporation’s income, but...
by Roberto Belingueres | Nov 21, 2021 | Advisory, Articles & Publications, Taxes
Principal Residence Rules Since 1982, each family unit (including you, your spouse or common-law partner, and any unmarried kids under the age of 18) has been able to designate one property as its principal residence for each calendar year. To simplify the...
by Roberto Belingueres | Oct 18, 2021 | Articles & Publications, Taxes
The new Confirm my Representative service. On October 18, 2021, the Canada Revenue Agency (CRA) is introducing a new, two-step verification process to make authorizing a representative using Represent a Client more efficient and secure. The new process makes it easier...
by Roberto Belingueres | Oct 18, 2021 | Articles & Publications, Covid
The future of the COVID aid program The CRB is one of three programs (alongside the Canada Recovery Caregiving Benefit and the Canada Recovery Sickness Benefit) that replaced the initial $2,000-per-month Canada Emergency Response Benefit (CERB) in September 2020. The...
