CPA expertise can help clients maximize this exemption and minimize taxes when it is time to sell property.

When filing personal income tax returns, how to report a property sale can be confusing and expensive, dependent on value appreciation and the capital gains tax owed. Luckily, under Canada’s Income Tax Act (ITA), the sale of a residence can be exempted from this tax under the Principal Residence Exemption (PRE).

With remote interviews, many of the cues you would normally use to read a person are lacking. But there are still tactics you can use to help make the right choice.

Even in normal times, selecting the right candidate for a position can be challenging. But, for many organizations, COVID-19 has made the process even more difficult by requiring employers and candidates to adjust to remote interviews that lack the kind of human connection — including direct eye contact and collegial handshakes – that in-person exchanges can bring.

Financial Independence Retire Early, also known as FIRE, is a people-driven movement to earn, save and invest aggressively. The ultimate goal? Being able to leave full-time employment at a much younger age, often in your 30s or 40s.

Are you interested in staying up to date on COVID-19 support programs in Canada? This article provides a helpful overview of key changes announced in the new federal budget from April 19, 2021.

Chrystia Freeland presented her first budget as federal Finance Minister on April 19, 2021. This is also the first budget delivered by the minority Liberal government in two years, focusing on finishing the fight against COVID-19 and building recovery from the pandemic recession. Key tax changes announced in the budget, other than those dealing with COVID-19 support, are summarized below.

No matter what type of data your organization retains, it is most likely worth securing. Protecting data is no longer just a technical discussion, but requires dedicated coordination between many different areas of an organization.