An Update to Your Old Age Security (OAS)
In July 2021, Employment and Social Development Canada announced that seniors who are eligible for Old Age Security (OAS) as of June 2021 and who were born on or before June 30, 1947 would receive a one-time payment of $500 during the week of August 16, 2021. The same announcement also shared that OAS payments […]
Improve Your Profit with ONSight Advisory Services
Improve your business’s net profit with ONSight Advisory Services and its value by gaining a better understanding of what activities contribute to the bottom line. We’ll help you identify the opportunities that exist to maximize revenue, improve gross profit, and improve your return on investment. Together, we will do a thorough review of your business’s financial […]
Business Road Map & Forecasting: Support for Growth, Profit, and Cash Flow
Are you considering a change within your business? ONSight Advisory can assist you with Business Road Map & Forecasting, making operational decisions like , helping you to explore the potential impact of changes before you make them and to discover opportunities you might be overlooking. With Discover the Power of One, we’ll help you determine […]
Strategic Business Goal Setting
Do you want to understand where your business is today and where it could be tomorrow? With ONSight Advisory, we can offer you expert advice and help with Strategic Business Goal Setting. We’ll complete an analysis of your business to identify the steps needed to create a clear path forward for you to reach your […]
New Critical Worker Benefit for Albertans
The Critical Worker Benefit will bring much needed relief to eligible workers across the province, providing a one-time payment of $1,200 to eligible critical care workers in recognition of their hard work to provide Albertans with the care and services they need. Applications for the private sector will open on Wednesday, February 17, 2021 and […]
Support for Employers – Alberta – COVID-19
The Alberta government will provide immediate funding and supportive measures to support local businesses, employers and employees. Support for employers 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 […]
Support for Albertans – COVID-19
The Alberta government will provide immediate financial relief to Alberta’s families and vulnerable populations. Albertans should be focused on their health and not worry about whether they can pay their bills so we have put a number of options in place for those struggling financially. Emergency isolation support This will be a temporary program for […]
Tax News and Changes – COVID-19
The Prime Minister and the Minister of Finance announced on March 18th an economic relief package to begin addressing the economic impacts of the COVID-19 pandemic. Part of the economic relief package includes tax relief for individuals and businesses. Filing Deadline Extensions The deadline for filing personal income tax returns will be extended to June 1, […]
Resources for Canadian Businesses – COVID-19
Small and medium-sized businesses are the backbone of the Canadian economy. During this extraordinary time, the Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families. The Government and public health officials are urging all Canadians to: stay home unless it is absolutely essential […]
Director’s Liability
What is director’s liability? While the tax debts of a corporation belong to the corporation and the tax debts of an individual belong to that individual, there are some exceptions to the rules. Directors may have liability for certain tax accounts of the corporations they serve. When a corporation faces insolvency, remittances to the government […]