With tax season just around the corner, you may be concerned about the impact various government assistance programs may have on your tax return. We have broken it down for you so that there are no surprises when completing your tax return. CERB These payments did not have tax deducted from them and will need […]

Most of us daydream about receiving a surprise notification that we have suddenly received some unexpected money Although it may not qualify as a windfall, there is a chance that the CRA (Canada Revenue Agency) may owe you some money. There is approximately $1 billion in uncashed refunds from the CRA in Canada.  You may […]

If I asked you what you love the most about living in Canada, what would your response be?  Would it be our culturally diverse society?  Our beautiful mountains and lakes?  Our wildlife?  Our talented sports people? There are many reasons we love being Canadian but how many would respond “to be self dependent and to […]

A KWB client event – 25 November, 2020 @ 3pm (MDT) on Zoom KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend.  There will also be a half hour of Q & A after the event. If you own a small business […]

Every year, thousands of people across Canada come together to raise money for the CIBC Run For the Cure, in support of the Canadian Cancer Society (CCS). This year about 8.5 million dollars was raised to go towards breast cancer research, support services, health education and advocacy programs. This year was the 23rd annual event, […]

The Canada Emergency Response Benefit (CERB) has ended for many participants.  So what happens now?  Transitioning from CERB to Employment Insurance Those who have not yet hit the 28-week maximum will continue receiving their CERB payment until they max out or reach October 3rd. New applicants who now realize they were eligible at any point […]

Filing and payment deadlines have been extended to September 30, 2020 The Canada Revenue Agency (CRA) announced earlier this year that they would extend payment due dates for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for instalment payments to September 1, 2020.  There has since been an […]

KWB CLIENT EVENT – 28 OCTOBER 2020 @ 3PM (MDT) KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend.  There will also be a half hour of Q & A after the event. If you own a small business and are interested […]

September is one of our favourite times of the year – not only is the weather great but it’s also when we host our Annual KWB Bunnock Championship Cup. Throwing plastic horse ankle bones is serious business for us. So, on the morning of September 10th, our KWB team members donned their masks and grabbed […]

Your company’s sales and revenue may look healthy, however, if the money you have to pay out leaves your business before the money you are owed comes in, this will result in negative cash flow.  If you are unable to pay your company’s bills, this can lead to even bigger problems like bad credit and […]

Death, specifically your own death, is a subject that is tough to talk about, however having the conversation today will save a lot of stress tomorrow should the unexpected happen. Here are 7 items for your “Unexpected Death” Checklist: Ensure that your spouse/executor are aware of any pre-paid funeral (or specific) arrangements you have made […]

KWB CLIENT EVENT – 19 AUGUST 2020 @ 3PM (MDT) KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend.  There will also be a half hour of Q & A after the event. If you own a small business and are interested […]

Be prepared for any emergency that may occur by creating an Emergency Checklist.  Many businesses are wishing that they had but there is still a lot of value in creating one now. What you need for your Emergency Checklist For starters, your emergency checklist should be outlined in your procedures manual, which documents every routine task […]

If you are currently using Quickbooks Online or thinking about switching to “QBO”, this event is for you! Join us on Zoom for a free information session regarding QBO and the Apps in our App Stack. Date: Wednesday 24 June, 2020 Time: 3pm – 4.30pm This event is held on Zoom; the meeting ID and […]

The federal government announced on the 16th of June 2020 that they will be extending the Canada Emergency Response Benefit (CERB) eligibility period by eight weeks as the coronavirus pandemic continues to affect the job market. The Prime Minister said that those who are still unable to return to work due to the COVID-19 pandemic […]

Tips for for the entire family Ideas for families with children Set up video chat ‘play dates’ with school friends Don’t forget about your own needs. Keep up meditation, yoga and exercise. Take time to prepare meals together, get creative, let the children take control! Perfect time to Marie Kondo your child’s bedroom, together. Got a crafty […]

Due to the volume of Canadians applying for the Canada Emergency Response Benefit (CERB), the Canadian Revenue Agency has set new protocol for applying: If you were born in January, February or March, you may apply on Mondays If you were born in April, May or June, you may apply on Tuesdays. If you were […]

CERB (Canada Emergency Response Benefit) Update – 1 April 2020 The Government of Canada will provide a taxable benefit of $2,000 a month for up to 4 months to: workers who must stop working due to COVID19 and do not have access to paid leave or other income support. workers who are sick, quarantined, or […]

Due to new legislation, we are hosting a “virtual” learning event at noon on the 14th of April 2020. If you own a small business and are interested in moving your books to the “cloud”, this event is for you! Alternatively, if you are already using QBO but need a refresher or have questions regarding […]

Finance Minister, Bill Morneau, announced today (April 1st, 2020) that the 75 % wage subsidy would be available within 3-6 weeks time.  What we know so far: The subsidy is available to all businesses, charities and non-profit organizations as long as they can prove that they have lost 30 % of their revenue due to […]

The new Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019. […]

March 25, 2020 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is taking strong, immediate and effective action to protect Canadians and the economy from the impacts of the global COVID-19 pandemic. No Canadian should have to choose between protecting their health, putting food on the table, paying for their medication or […]

Corporate income tax changes Corporate income tax balances and instalment payments will be deferred from March 19 until August 31, 2020 to increase employers’ access to cash so they can pay employees, address debts and continue operations. Education property tax deferral Education property tax rates will be frozen at last year’s level – reversing the […]

Immediate action will protect jobs and provide economic relief to the oil and gas industry Overview The Government is providing economic relief to Alberta’s energy industry to address challenges resulting from the COVID-19 pandemic and declining oil prices due to an international price war. The energy sector supports more than 500,000 jobs across Canada Initiatives […]

Most business owners would probably agree that, when it comes to sales, there’s always room for improvement. To this end, every company should strive for organic sales growth — that is, increases from existing operations unrelated to a merger or acquisition. That’s not to say a merger or acquisition is necessarily a bad idea, but you can’t […]