Copetti Blog

CRA and COVID-19, what you need to know.

The Government of Canada has recently instituted programs to assist Canadian businesses, individuals and families who have had a financial impact from the current COVID 19 pandemic. 

It is something that we never think will happen to us and when it does it comes as a deep shock. Nearly 60 per cent of Canadian workers live paycheck to paycheck with little buffer for any major financial crisis in their lives.

Now that you have decided on starting your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates.

Let’s face it. Sometimes we all need a little extra money. All your life when you had needed a little extra money you were told to cut back on expenses.

Often business owners are great at what they do but taxes for a corporation is another. Crunching sales numbers is one thing, but knowing how to use manage those numbers to get ahead is quite another. Getting into tax trouble is a very common thing for early startups.

We must first start off by understanding that there are many definitions of couples. For the purposes of this article we will take a look at the two most common form of coupling being Unmarried Couples and Married Couples.

Financial windfalls are beautiful, lovable things. Extra money might seem to simply appear out of nowhere — we find $20 on the sidewalk or 5 bucks between the couch cushions, or the BIG ONE, a lotto ticket plays out. Most people get into trouble fast.

RRSP Contribution Deadline for 2018 is Friday, March 1, 2019.

Small business owners in Canada are allowed a variety of means to improve their tax situation. However, it can be difficult for the small business owner or entrepreneur to learn about Canadian small business tax rules.

RRSP Contribution Deadline for 2018 is Friday, March 1, 2019.

RRSP Contribution Deadline for 2018 is Friday, March 1, 2019.

Taxes aren’t something you should be thinking about when you are celebrating the holiday season with friends and family, but it never hurts to know some ways to minimize the taxes you will be paying for 2018.

For most of us, learning to manage your personal finances can seem like a trial by fire. Few of us learned about finances in high school, and by the time you need it, it almost feels like lessons about managing your money come too late in life.

In this blog we cover 2019 Personal Tax Rate Tables, 2019 Dividend Tax Credit Rates for Non-Eligible Dividends, Tax-Free Savings Account (TFSA) Withdrawals, Old Age Security (OAS) Claw-back and Bill C-86, Budget Implementation Act, 2018, No. 2.