The US Internal Revenue Services (IRS) have provided commentary confirming action items the statement released on March 18th, 2020. Key-points to note: US income tax payment deadlines for individuals, trusts and estates have been automatically extended to July 15, 2020, for up to $1 million of 2019 tax due, For C Corporations, income tax payment […]
Canada’s COVID-19 Economic Response Plan – Additional Resources
Read the follow-up article to this for the most up-to-date information: COVID-19: Economic Response Plan – Legislative Update Key-Points for Business and Individuals: In-Depth onto the March 18th Comments Note: The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a […]
Canada’s COVID-19 Economic Response Plan
Read the follow-up article to this for the most up-to-date information: COVID-19: Economic Response Plan – Legislative Update On March 18, 2020, Prime Minister Trudeau announced Canada’s COVID-19 Economic Response Plan. The plan includes some proposed tax and non-tax measures aimed at relieving economic hardship during the COVID-19 pandemic. Note: None of the proposed measures […]
DMCL CPA’s Response to COVID-19
To our valued clients, We would like to let you know how the COVID-19 health emergency is affecting us during our busy season, and the steps our offices are taking to ensure the health and safety of our staff and clientele. We are closely monitoring the situation along with the guidance given by governmental and […]
2020 Federal Budget Date Update
The 2020 Federal Budget was originally scheduled to be tabled March 30th but they announced this past Friday that it will be rescheduled. The House of Commons is taking a break until April 20th (in light of COVID-19) so it won’t be delivered before then. Stay tuned for another blog post once the new date is announced.
Are You a Trustee of a Canadian Personal Family Trust? T3 Returns Are Due March 30th
A few things to note: The 2019 T3 returns are due Monday, March 30, 2020 (as 2020 is a leap year). Starting for the 2021 year: You must file a T3 return with the CRA (with only a few exceptions) even if there is no activity, tax owing or distributions to beneficiaries. Penalties for not […]
What’s New in BC’s 2020 Budget
In its 2020 budget, the BC government has laid the groundwork for the province’s largest-ever infrastructure plan. The budget also promises new initiatives to offer British Columbians relief for tuition and childcare costs, and a new tax bracket for the province’s highest income earners. Here are the new and notable measures found in Budget 2020: […]
Managing Bias in the Valuation Process
This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. A valuation is often viewed as a number crunching exercise […]
2019 Personal Income Tax Return Checklist
Our 2019 Personal Tax Return Checklist is designed to help you make this process as easy and efficient as possible. It also assists us in ensuring we have information that is as complete and accurate as possible to assure your taxes are minimized and correctly reported. If you have any questions, please contact your DMCL Advisor.
Tips for Planning Your Year-End
The new year brings new changes and new ideas; if you’re planning on incorporating or starting a business as a sole proprietor here is some advice to consider for planning an effective year-end. Plan in Accordance with Your Highs and Lows If your business is seasonal or cyclical, you’ll ideally want to establish a year-end […]
