Resources & Articles
ENHANCED GST RESIDENTIAL RENTAL REBATE: Increased Incentives
On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate...
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Managed services can deliver results for businesses
Effectively utilizing managed services is becoming a critical success factor for companies of all sizes and in all industries. Often times, a board might recommend...
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Minority Shareholdings – Does a
Minority Discount Apply?
Who are minority shareholders? A minority shareholder is any shareholder who does not own a controlling interest in a public or privately-held company. What is...
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Federal Economic Statement 2023
(authored by RSM CANADA) On Nov. 21, 2023, Canada released the Federal Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
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New Financial Statement Disclosure Requirements for the Construction Industry and Enhanced Guidance Issued for the Percentage of Completion Method under ASPE
The Accounting Standards Board has issued significant application guidance for entities utilizing the percentage of completion method (POC) for revenue recognition under Canadian Accounting Standards...
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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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