Tax Problem in Paying Family Members

Tax problem in paying family members

Taxes and Employing your Family Many small business owners employ their family members. This allows them to find employees without conducting a series of interviews, work with people they know and trust, and it also makes it possible to keep the business “in the family.” However, the Canada Revenue Agency (CRA) may see this situation […]

Covid-19 Government Assistance for Moncton and Area

covid 19 assistance for Moncton

Canada’s COVID-19 Support for Workplaces and Workers • $5 Billion Emergency Support Benefit for unemployed without EI Benefits• $900 biweekly for Emergency Care Benefits for up to 15 weeks.• 10% wage subsidy for small businesses• Deferred tax payments until after Aug 31,2020 Workplace Information: Government of Canada Programs – Employment and Social Developmenthttps://www.canada.ca/en/employment-social-development/corporate/notices/coronavirus.html Work-Sharing Program […]

What Does an Accountant Do?

What does an accountant do

An accountant carries out a variety of tasks and services which vary according to the requirements of the industry and employment duties.  Most accountants are employed in industry while a smaller percentage are engaged in public practice. Accountants in public practice provide services as follows: Preparation of financial statements Audits Preparation of tax returns, both […]

Covid-19 Government Assistance

Covid 19 assistance

Federal government COVID-19 tax updates April 13, 2020 CPA Canada is a respected and influential voice relaying matters raised by our members to the Canada Revenue Agency (CRA) and working collaboratively to identify solutions. Be sure to check back regularly for updates. Update: April 13, 2020 Revised tax blog post on the 75% Canada Emergency […]