Resources & Articles

General Business


PERSONAL SERVICES BUSINESS (PSB): CRA Education InitiativesSeptember 21st, 2022

In some industries, it is common for employers to require their workers to provide services through their own corporation rather than directly as employees. In...
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Will you have to pay a new tax on your luxury items?September 15th, 2022

(authored by RSM CANADA) On Sept. 1, 2022, the Luxury Tax Act came into force which imposes a tax on the sale and import of certain vehicles, aircraft, and vessels exceeding a specified price threshold.
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On Again Off Again – A Review of the Immediate Expensing Rules upon Coming into ForceSeptember 15th, 2022

On April 18th, 2021, the Minister of Finance announced measures that would allow businesses to immediately write off the full cost of capital assets purchased...
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Crisis Proofing Your BusinessAugust 31st, 2022

The events over the past two and a half years have taught us many lessons in life and business. Whether preparing to expect the unexpected,...
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How Does GST/HST Apply to Airbnb/Short-term Rentals?August 26th, 2022

The popularity of Airbnb, short-term rental pools for cottages and vacation properties continues to grow.  One aspect of venturing into the short-term rental game is...
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Starting a Business? We Can Help Guide You in the Right Direction.August 3rd, 2022

DJB provides guidance and assistance with all of your business start-up, tax, and accounting needs including: SELECTING THE LEGAL ENTITY FOR YOUR ENTERPRISE There are...
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Beyond digital transformation: Becoming a fully digital organizationJuly 25th, 2022

(authored by RSM CANADA) Becoming a digital organization is an ongoing process that involves adopting emerging innovation throughout the business.
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Updated: Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Agreement – Debt or Equity?July 19th, 2022

The Accounting Standards Board has amended Section 3856 Financial Instruments to restrict instances in which preferred shares that were issued in a tax planning agreement...
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DIGITAL ADOPTION PROGRAM: Grants, Loans, and Professional AssistanceJuly 14th, 2022

On March 3, 2022, the Canada Digital Adoption Program (CDAP) was launched and opened for application. This $4 billion program provides funding through two initiatives....
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Estate Planning – Don’t Forget About the Tax Clearance Certificate!May 17th, 2022

If you are an executor of an estate, one of the last questions that you will need to consider is applying for a Tax Clearance...
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