by Padgett | Nov 4, 2021 | News
Company Shares & Capital Gains Typically, selling company shares will result in a capital gain, only one-half of which will be subject to tax under current tax rules. If they are shares of a private corporation that meet certain criteria, you could also...
by Padgett | Jul 13, 2021 | News
Canada Recovery Hiring Program The Federal Budget 2021 introduced the new Canada Recovery Hiring Program to provide eligible employers with a subsidy of up to 50 per cent on the incremental remuneration paid to eligible employees between June 6, 2021, and November 20,...
by Padgett | May 21, 2021 | News
Cryptocurrency Taxation Cryptocurrency taxation occurs because it is a type of alternative currency, such as Bitcoin, but it is not considered money or currency (“legal tender”). It is a digital asset that works as a medium of exchange for goods and services between...
by Padgett Accounting | Apr 8, 2021 | Ask a Pro, News
When to Incorporate your Sole Proprietorship In our Ask a Pro series, we have asked our accountants to share some of the most frequently asked questions they receive throughout the year. While every situation can be different, it is a good starting point to determine...
by Chris Hammond | Mar 18, 2021 | News
The Home Buyer’s Plan & Tax Savings The Home Buyer’s Plan is a program that allows you to take a tax free, lump-sum withdrawal from your RRSP to buy or build a home for yourself or for a related person with a disability. Withdrawals of up to $35 000 can be...
by Chris Hammond | Feb 9, 2021 | News
2021 Vehicle Deduction Limits, Benefits & Tax Updates This year’s tax return might be a little different depending on how your industry was affected by COVID. There were many changes which created hurdles for both employers and employees. As a result,...