by Padgett Accounting | Feb 21, 2022 | News
Bookkeeping Services for Your Small Business Bookkeeping services are often undervalued for new and established business owners. With an abundance of options for on-the-go receipt tracking apps, doing your own monthly bookkeeping looks easy and hassle-free. However,...
by Padgett Accounting | Dec 8, 2021 | News
Estate Freeze Strategy for Taxes An estate freeze is a technique used to minimize future income taxes of a business owner by having them exchange their common shares for fixed value preferred shares. The exchange of common to preferred shares is done without...
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...
