by Barry Financial Inc | Dec 29, 2020 | 2020, Accountants, Blog, Business Owners, tax
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400. Taxpayers will still be able to claim under the existing rules if they choose using...
by Barry Financial Inc | Dec 7, 2020 | Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, corporate, disability, Financial Planning, RDSP, tax
On November 30, Finance Minister Chrystia Freeland provided the government’s fall economic update. The fall economic update provided information on the government’s strategy both for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve...
by Barry Financial Inc | Apr 3, 2018 | Blog, Business Owners, corporate, Family, individuals, Investment, tax
The 2018 budget for Alberta focuses on the diversification of its post-recession economy, with the aim of creating more stability and less vulnerability to future fluctuations in oil prices. Here are some of the highlights:CorporateInteractive Digital Media Tax...
by Barry Financial Inc | Mar 4, 2018 | Blog, disability, Family, individuals, Investment, tax
Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family. Below are some of the most significant changes to be aware of:Parental LeaveThe...
by Barry Financial Inc | Mar 4, 2018 | Blog, Business Owners, corporate, Investment, tax
The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.) Here...
by Barry Financial Inc | Jan 28, 2018 | Blog, Family, individuals, Investment, RRSP, tax
RRSP Deadline: March 1, 2018The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to...
