As we approach the final days of 2024, businesses and entrepreneurs face a critical window for financial planning and optimization. This...

Acknowledging the unintended consequences of the new reporting requirements for bare trusts on Canadians, the Canada Revenue Agency has...

As the new year begins, the remote work landscape is evolving, bringing significant changes to how work from home expenses are...

Trusts have long been integral to tax and estate planning, offering flexibility, control, and asset protection. In a move toward enhanced...

Recent changes in Canadian trust reporting rules now require a T3 Trust return for common financial arrangements, including shared...

In this crucial update, we delve into the recent extensions to the Canada Emergency Business Account (CEBA) loans and their implications...

The holiday season – a time for joy, celebration, and, yes, a bit of extra planning! But worry not; we've got your back. Let's dive into...

As of January 1, 2022, if you own a residential property that is not your primary residence or own property indirectly, you need to be...

Business owners might want to earn a salary from their corporations. Applicable if you have children, are moving, or for CPP disability.

As 2022 is coming to a close, Clearly Financials would like to support local small businesses in the Edmonton Area with some year-end...

COVID-19 Benefits: Tax Implications for Individuals. How to repay benefits and tax implications of repayments.

The work from home (WFH) personal tax claim is back for 2021. Claim home office expenses on your personal tax return.

Changes to compilation engagements will impact the year end financial statement preparation for your business.

The Alberta Government introduced the new Working Parents Benefit to support working parents who need child care so they continue to work.

It's that time of year again! Welcome to the 2020 Personal Tax Season. There is a lot of information to remember for tax time.

Most COVID-19 benefits were taxable income. If you received CERB/CRB or other benefits, be prepared to pay tax on these amounts.

You may be able to deduct certain WFH expenses on your 2020 personal tax return. This can make your 2020 personal tax return more complicate

On June 23, the Canada Revenue Agency website was updated to confirm an extension to the CERB program to further support individuals...

On March 18, 2020 the Government of Canada announced a series of programs to support individuals through the COVID-19 crisis. These...

On March 18, 2020 the Government of Canada announced a series of programs to support individuals, businesses, charities and non-profit organ