by Rockmoor Wealth | 2020, Accountants, Blog, Business Owners, tax
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400. Taxpayers will still be able to claim under the existing rules if they choose using...
by Rockmoor Wealth | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate, Estate Planning, financial advice, Financial Planning, incorporated professionals, investment, Professional Corporations
It’s a great time to review your business finances now that we are nearing year-end. Your business may be affected by recent tax changes or new measures to help with financial losses due to COVID-19. Figuring out the tax ramifications of these new measures can...
by Rockmoor Wealth | Blog, Business Owners, investment
Segregated Funds and Mutual Funds often have many of the same benefits however there are key differences you should consider: Both are managed by investment professionals. You can generally redeem your investments and get your current market value at any time. You can...
by Rockmoor Wealth | Blog, Business Owners, Corporate, investment, RRSP, Tax Free Savings Account
Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals such as: building and protecting your savings providing for loved ones planning for...
by Rockmoor Wealth | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate
On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program. The major changes he announced were: “First, we’re proposing to...
by Rockmoor Wealth | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate
On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December. The Prime Minster stated: “You’ve seen me come out to talk with Canadians about what we’re doing to help you and your...