Resources & Articles
Year: 2023
Tax Considerations for Canadian Snowbirds
(authored by RSM CANADA) Canadian residents travelling to the United States for extended stays should carefully plan travel to avoid unintended Canadian and U.S. income tax consequences.
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Boost Your Employee Productivity and Profitability in Business Services
Investing in development, technology, automation, and outsourcing can improve employee productivity and profitability in business services. In this article, written by RSM Canada, they explore...
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Association and HST
In the tax world, association can have a significant impact on your income taxes, but it can also impact your GST/HST as well. When it...
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2023-2024 Corporate Income Tax Rates
RSM has created a handy table of the tax rates imposed by the federal and provincial/territorial authorities on income earned by Canadian-controlled private corporations (CCPCs)...
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Inflation, Interest Rates Will Have a Surprising Effect on Your Taxes Next Year
The Bank of Canada’s decision this week to hold its benchmark interest rate steady at 5% as it attempts to battle inflation was welcome news...
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CEBA REPAYMENT DEADLINE EXTENDED: Some Issues
On September 14, 2023, the Department of Finance provided details on extending the deadline for Canada Emergency Business Account (CEBA) repayments, including the following key...
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PAYING RENT TO NON-RESIDENTS: Withholdings
Required
In a March 30, 2023, Tax Court of Canada case, the taxpayer was assessed for failing to withhold taxes on rent paid on Canadian real...
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Considerations for Implementing AI in a Professional Services Firm
Ignoring the growth in Artificial intelligence (AI) is not sustainable. AI is changing how companies in all industries conduct business, creating efficiencies and in some...
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GIFTS DIRECTED TO OTHER DONEES: Loss of
Charitable Status
In some situations, a registered charity may be asked to receive donations on behalf of another organization or cause. While this may seem like a...
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Tax Planning: 2023 Year-end Considerations for Businesses and Individuals
(authored by RSM CANADA) This tax planning guide for 2023 and beyond reflects considerations that may create risk or opportunity for Canadian businesses and individuals.
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