“It’s not what you earn; it’s what you keep.”
On November 3, 2009 the Government of Canada introduced Bill C-56 which is proposing to extend EI special benefits to the self-employed on an voluntary, “opt in” basis. (Announcement)
If passed, this legislation could become effective as soon as January, 2010 which would allow the self-employed to claim EI special benefits starting January, 2011.
First you should [...]
A client came to me the other day with the proverbial question regarding “advice they received from a friend”. He told me that a co-worker of his had told him that he could transfer his mortgage into his RRSP. Being smart like all of our clients, he came to me to confirm this advice. The [...]
Our latest newsletter takes a look at the introduction of the Harmonized Sales Tax which is expected to become law July 1, 2010: MNW Newsletter Fall/Winter 2009 [PDF]
For a larger list of items that will be exempt see this link provided by the provincial government.
With new rules allowing realtors to incorporate their businesses effective January 1, 2009, we have looked at the costs and benefits from an accounting and tax point of view.
You can see our summary sheet with an example of how a realtor could benefit from incorporation (PREC Info).
As always, please seek professional advice before incorporating.
For [...]
