https://liveyourbiglife.ca/wp-content/uploads/2021/08/retirementPlanningIP.jpg 810 1440 Live Your Big Life https://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpg Live Your Big Life2021-08-01 06:00:002021-08-01 06:06:16Retirement Planning for Incorporated Professionals
For incorporated professionals, preparing for retirement can go beyond finances, one of the biggest challenges is concern for the future of their clients or patients. Planning for retirement can take several advisors including a financial advisor, tax specialist and lawyer to help make the best decisions for their practice. We've put together an infographic checklist that can help you get started on this.
https://liveyourbiglife.ca/wp-content/uploads/2021/04/FEDERAL-BUDGET-2021.jpg 281 500 Live Your Big Life https://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpg Live Your Big Life2021-04-22 10:37:312021-04-22 11:33:26Federal Budget 2021 Highlights
On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections: • Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits. • Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining. • Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
https://liveyourbiglife.ca/wp-content/uploads/2020/12/Business-Owners_-2020-Tax-Planning-Tips.png 563 1000 Live Your Big Life https://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpg Live Your Big Life2020-12-11 06:00:552020-12-11 07:12:48Business Owners: 2020 Tax Planning Tips for the End of the Year
It's a great time to review your business finances now that we are nearing year-end. We have listed some of the critical areas to consider and provide you with some helpful guidelines to make sure that you cover all the essentials. We have divided our tax planning tips into four sections: - Year-end tax checklist - Remuneration - Business tax - Estate