Don’t pay the same for less: how to stay on top of shrinkflation
Shrinkflation – a term used to describe the practice of selling products with less quantity or volume at the same price by reducing their size or packaging – is having an impact on store shelves.
Helpful ways seniors can save money and stretch their budget
Those retirement savings you’ve squirreled away have to last for an unknown amount of time. But that doesn’t mean you have to give up on dreams of enjoying new experiences. Here are some ways you can stretch every dollar of those savings.
Why a rental unit in your home is not as simple as it sounds
For people currently renting or considering renting a portion of the home they own, the tax considerations can be complex and the fallout costly if you don’t do it right. In fact, earning income from renting a portion of your home can be subject to different rules and reporting requirements to the Canada Revenue Agency.
Why year-round financial housekeeping can help your business
Meeting regularly with a CPA to establish and maintain a good framework is just one of the ways to set yourself up for success.
What to consider before lending money to loved ones
Loaning money to a friend or child may be well-intentioned, but it’s important to consider all the implications, especially in the current context, experts suggest.
3 Types of real-estate fraud to look out for
For many Canadians, property ownership is a lifelong dream. Sadly, real-estate scams are commonplace, and it could get worse with the COVID-19 pandemic.
Why should you read The Z-Book?
This book is designed to give an overview of the SR&ED Program of the Canadian Tax Credits & Refunds System to the busy executive and the business owner/manager. In order to keep the Canadian businesses competitive in the present global market, the Canadian government offers one of the most generous incentives to Canadian businesses to encourage them to engage in scientific research and experimental development (SR&ED). It is also available to foreign corporations conducting SR&ED in Canada. It is estimated that only a very small fraction of those eligible actually apply for this credit. It is also estimated that in the last fiscal year tax credits running into billions of dollars were approved, including refunds to eligible businesses. There is no upper limit set by the Government as to the amount of tax credits it is willing to give to eligible businesses with regard to SR&ED.
*Note: This book was released in 2011 and laws change over time. Seek professional advice.
