https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/12/2021-Year-End-Tax-Tips.png?time=1696167058 281 500 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-12-01 10:51:482021-12-01 20:00:042021 Year-End Tax Tips for Business Owners
We’re approaching the end of the year, so it’s time to review your business finances. We’ve put together an article highlighting the most critical tax-planning tips you need to know as a business owner. We’ve focused on: • How to determine the right salary and dividend mix. • The best ways to handle compensation. • How to make sure you can take advantage of the small business deduction. • What you need to know about depreciable assets and charitable donations. • How to make the most of Covid-19 relief programs.
https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/04/FEDERAL-BUDGET-2021.jpg?time=1696167058 281 500 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-04-22 10:37:312021-04-22 18:51:21Federal Budget 2021 Highlights
On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections: • Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits. • Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining. • Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/04/Whats-new-for-the-2021-tax-filing-season_.jpg?time=1696167058 281 500 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-04-02 06:00:002021-04-02 13:42:09What’s new for the 2021 tax-filing season?
Tax season is upon us once again. But since 2020 was a year like no other, the 2021 tax-filing season will also be different. Due to all the changes in both where and how Canadians worked, the Canadian government has introduced some new tax credits and deductions to keep pace with these changes. Our article covers all of the following: • How to claim home office expenses • The new Canada Training Credit • Pandemic emergency funds • New digital news subscription tax credit
https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/02/Michael_Clark_2021EmpireFinancial_Page_1_infographic.png?time=1696167058 2718 2100 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-02-08 10:03:472021-02-08 10:03:472021 Financial Facts
Manage your finances for 2021. There are a lot of financial facts to keep track of. Here's our handy sheet with the important amounts and dates to help you manage your finances.
https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/01/TFSA_vs_RRSP_2021_Featured_Image.png?time=1696167058 281 500 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-01-21 14:01:102021-01-21 23:54:12TFSA vs RRSP – What you need to know to make the most of them in 2021
Both TFSAs and RRSPs can be significant savings vehicles for your clients. We've put together an article to help your clients easily understand the differences between them – with one section focussing on differences in deposits and one focussing on differences in withdrawals. The deposit section focuses on: • How much contribution room is available each year • How carry forward works for TFSAs and RRSPs • Tax deductibility of contributions • Tax treatment of growth The withdrawal section focusses on: • Conversion requirements • Tax treatment of withdrawals • Impact of withdrawals on government benefits • Impact of withdrawals on contribution room
https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2021/01/2021-FInancial-calendar-1.png?time=1696167058 563 1000 Clark Insurance Inc. https://7bxcc6.a2cdn1.secureserver.net/wp-content/uploads/2018/03/clarkInsuranceEnfold-300x100.jpg Clark Insurance Inc.2021-01-04 06:00:002021-01-04 14:27:082021 Financial Calendar
We’ve put together a financial calendar for 2021. It contains all the dates you need to know to make the most of your government benefits and investment options. Whether you want to bookmark this or print it out and post it somewhere prominent, you’ll have everything you need to know in one place!