2021 T4 Income Tax and CPP Remittance
In the course of preparing the 2021 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees. If you have not made any payroll remittances for 2021 for your management salaries, please contact Ryan Lore […]
2021 T3 Trust Tax Returns
What’s New with Trusts in 2021? For 2021 and subsequent tax years, Budget 2018 proposed a new reporting obligation that requires express trusts to report the identity of all trustees, beneficiaries, and settlors of the trust. These changes are being made to improve the collection of ownership information to help Canada Revenue Agency assess the […]
Land Owner Transparency Act
In May 2019 the BC provincial government passed the Land Owner Transparency Act (LOTA), which created the Land Owner Transparency Registry. This registry records the beneficial landowner of all real estate interest in British Columbia. A beneficial landowner is an individual or entity who owns or controls real estate indirectly, such as through a corporation, […]
CSRS 4200: Impacts of a New Compilation Standard
A change to CPA standards will soon impact on the scope of work we do for many of you. This change, which has been years in the making, updates the rules for preparing and presenting certain types of financial statements. The goal is to make “Notice to Reader” style financial statements more meaningful – both […]
CERS: The New Subsidy for Renters AND Owners
We aren’t the first to say this, but things sure are changing fast these days! Back in August (which feels like years ago now!), we wrote about Canada’s covid-related subsidies in a newsletter titled “CEWS in the News”. Since then, every single subsidy we covered has been tweaked, extended, updated, or otherwise nixed Today’s newsletter […]
Insights from Experts: U.S. Tax & Property Strategies
Our very own U.S. Tax Manager, Scott Larson, was featured on Insights from Experts on the topic of U.S. Tax & Property Strategies! Check out his informative interview conducted by Shane McMahon, CIM, CFP from OceanFront Wealth Management.
Update on COVID-19 Benefit Programs
The Federal Government continues to tinker with the specifics of their giant subsidy program for Canadian businesses. We are sending you information based on announcements made, to date. Draft legislation has yet to be released, so things are still in flux. But here is what we know at this time: Payroll Assistance for Employers 1. […]
Lohn Caulder COVID-19 Firm Update
Dear Clients and Friends – We at Lohn Caulder are still at work ! However, ‘work’ happens to be at 45 different locations across the city, all connected electronically on a secure communication system. While there are some staff in our regular office, generally they are not accessible from the outside. Our building has been, […]
Canada’s COVID-19 Economic Response Plan – Key Points for Businesses and Individuals
Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, in very short order, businesses and personal finances began to be affected. It is clear that these challenges will become worse before they get better. In an effort to combat these […]
February Newsletter – Could It Have Been Worse?
Believe it or not, it might have been. But the Budget released by Finance Minister Morneau on February 27th nevertheless levied a heavy blow to successful businesspeople across this country. The Small Business Deduction: are its days numbered ? The small business deduction (“s.b.d.”) sets the low rate of tax for active business profits earned […]
