https://prairieschoonerwc.com/wp-content/uploads/2020/12/Business-Owners_-2020-Tax-Planning-Tips.png 563 1000 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-12-11 06:00:552020-12-11 14:45:38Business Owners: 2020 Tax Planning Tips for the End of the Year
It's a great time to review your business finances now that we are nearing year-end. We have listed some of the critical areas to consider and provide you with some helpful guidelines to make sure that you cover all the essentials. We have divided our tax planning tips into four sections: - Year-end tax checklist - Remuneration - Business tax - Estate
https://prairieschoonerwc.com/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px.png 563 1000 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-12-07 15:42:082020-12-08 01:24:52Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
Finance Minister Chrystia Freeland recently provided the government's fall economic update. It included information on the government's strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We've summarized the highlights for you: • Corporate Tax Changes, including extensions to subsidy programs. • Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new "Work from home" tax credit. • Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields. For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.
https://prairieschoonerwc.com/wp-content/uploads/2020/09/retirementPlanningFarmersFI.jpeg 810 1440 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-09-01 07:00:002020-09-01 14:06:15Retirement Planning for Farmers
As a farmer, one of your challenges is learning how to balance between reinvesting into the farmer and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come eventually, it’s important to have a retirement plan in place. We've put together an infographic checklist that can help you get started on this.
https://prairieschoonerwc.com/wp-content/uploads/2020/07/CEWS_expanded@2x.png 640 1000 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-07-17 16:37:092020-07-18 01:06:19Canada Emergency Wage Subsidy expanded to include more businesses!
On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program.
https://prairieschoonerwc.com/wp-content/uploads/2020/07/CEWS_extended_december@2x.png 640 1000 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-07-13 10:17:002020-07-13 18:36:07Canada Emergency Wage Subsidy extended into December!
On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December.
https://prairieschoonerwc.com/wp-content/uploads/2020/06/CERB_extended_CEBA_expanded@2x.png 640 1000 Prairie Schooner https://prairieschoonerwc.com/wp-content/uploads/2020/05/prairieSchoonerWebLogo-300x144.jpg Prairie Schooner2020-06-17 11:51:162020-06-17 20:33:21CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th
Great news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks. The expanded CEBA will begin June 19th.