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How are stock options taxed?

How are stock options taxed?

The federal government recently announced potential changes to how stock options will be taxed in 2020, but as long as you’re not raking in millions per year, you should be fine. Canadian Finance Minister, Bill Morneau said in June that they’re working towards a...

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What to Do If You Haven’t Filed Your Tax Returns

What to Do If You Haven’t Filed Your Tax Returns

Life gets busy, and sometimes forgetting to file your tax returns can happen. However, not filing can become a serious problem, which means it’s necessary to take action immediately. The Canadian Revenue Agency will eventually prepare a tax return based on the...

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Are All Accountants Equal?

Are All Accountants Equal?

Asking if all accountants are equal is like asking if all apples are equal.If you closed your eyes at the grocery store and picked random apples, would you end up with all exactly the same? No. Some would be bigger, some would be lumpy and some would have wormholes....

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What To Look For In An Accounting Firm

What To Look For In An Accounting Firm

The most crucial criteria when looking for an accountant firm is to find one that’s a good fit for you.That doesn’t mean the best one, the one that wins all the awards, or is the biggest, but the one that has the most clients similar to yourself. You want the...

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Are My Accountant’s Errors My Problem?

Are My Accountant’s Errors My Problem?

Ever wonder if you’re on the hook if your accountant screws up? The short answer is no — the accountant’s errors are the accountant's problem. Any judge in an audit will recognize who was at fault and won’t hold you, the client, liable for a professional’s mistake. At...

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Financial Planning Tips For All Risk-Levels

Financial Planning Tips For All Risk-Levels

Not everyone has the soul of a bungee jumper. Most of us have kids to feed, mortgages to pay and retirement to think of. When we create a full financial and tax plan for our clients, we do so while strongly considering their risk level. Often, our clients can be...

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What the Heck is Tax Planning?

What the Heck is Tax Planning?

As much as we're sure you love the CRA, we know you love money in your pocket more. That’s where tax planning comes in. Tax planning is pretty much exactly what it sounds — it’s how accountants arrange your business and personal matters to reduce and defer your...

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How To Compensate Your Investment Advisor

How To Compensate Your Investment Advisor

In this week's Weekly Tax Planning Tip video, Fabio explains why it's smarter from a tax perspective, all things being equal, to compensate your advisor via fees. Check out the video to learn why... Transcript:Hey everybody, Fabio Campanella here from...

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The Rules of Replacement

The Rules of Replacement

Replacement rules... what are they and when do they apply? Clients come to us misinformed on this topic all the time so we're clearing it up for you in this week's Weekly Tax Planning Tip Video. Enjoy... Transcript:Hey there, today we're going to talk...

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