by Small Business Accountants | Nov 5, 2025 | 2025, Blog, business owners, estate planning, Family, financial planning, incorporated professionals, individuals, investment, mortgage, personal finances, Professional Corporations, Professionals, retirees, Retirement, tax
2025 Federal Budget Highlights On November 4, 2025, the budget was delivered by the Honourable François-Philippe Champagne, Minister of Finance and National Revenue. The 2025 Federal Budget focuses on stability, simplicity, and long-term growth. There are no broad tax...
by Small Business Accountants | Nov 4, 2025 | Blog, business owners, estate planning
Estate Planning Strategies for Business Owners: The Role of Graduated Rate Estates (GREs) When you’ve spent years building a successful business, the last thing you want is to see your hard work eroded by taxes or poor planning when you’re no longer here. Many...
by Small Business Accountants | Oct 7, 2025 | Blog, estate planning, retirees, Retirement
Supporting Your Aging Parents Without Sacrificing Your Own Stability It starts gradually. A missed bill here. A forgotten appointment there. Then one day you realize your parents may no longer be able to manage everything on their own. You want to help—but you also...
by Small Business Accountants | Oct 3, 2024 | Blog, estate planning, financial advice, tax
A common belief among Canadians is that they will be taxed on money they inherit. However, Canada does not impose an inheritance tax. Instead, after someone passes away, their final tax return must be filed, covering the income they earned up to the date of death. Any...
by Small Business Accountants | Apr 17, 2024 | Blog, business owners, estate planning, Family, financial planning, incorporated professionals, individuals, investment, mortgage, personal finances, Professional Corporations, Professionals, retirees, Retirement, tax
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: An increase in the portion of capital gains...
by Small Business Accountants | Feb 1, 2024 | 2024, Blog, business owners, estate planning, Family, financial advice, financial planning, individuals, investment, personal finances, Professionals, Retirement, RRSP, Tax Free Savings Account
Tax-Free Savings Account vs Registered Retirement Savings PlanWhen looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the...
