Dividends
What’s the difference between eligible and non-eligible dividends? What are the implications to you? Dividends are payments made to shareholders to allocate the earnings of a corporation. There are two types of taxable dividends that a corporation can issue, non-eligible and eligible. Non-eligible dividends Non-eligible dividends are sometimes called ordinary, or small business dividends. These […]
Disaster Recovery 101
Disaster Recovery and Business Continuity Planning, are buzz words that can be seen and heard everywhere, and are on everyone’s to-do list, but as a practice these terms are commonly misunderstood. There are a few areas that you should clearly define at the initial stages when thinking about your Information Technology and Services Disaster Recovery […]
Changes to the Principal Residence Exemption
The Canada Revenue Agency (CRA) made a major change to the Principal Residence Exemption that affected Canadians when filing their 2016 tax returns. Regardless of whether the sale is exempt or not, individuals are now be required to report the sale of their principal residence on their personal tax return. Under the Principal Residence Exemption […]
US Tax Filing
With regards to US tax filing, in recent years, the US government has been increasing its focus on non-compliant US citizens living abroad, and also on non-resident persons who spend more than 120 days per year in the US. Failure to comply with US tax filing requirements can be costly as penalties add up quickly. […]
Chartered Professional Accountants: It’s all in the name
On July 31, 2015 legislation in Alberta came into effect that will govern all professional accountants under one organization and one brand: Chartered Professional Accountants or CPA for short. Prior to this change, you would have found Chartered Accountants (CA’s), Certified Management Accountants (CMA’s) and Certified General Accountants (CGA’s) all practicing in Alberta. Although this […]