Blogs delivered from our CPA’s & business advisors to help you maximize your growth potential.
RSW’S COVID-19 Advice Centre
Over the few weeks, no doubt you have been inundated and overwhelmed with the announcement of support programs by both the federal and provincial governments.
Blog Categories
Employee Ownership Trusts
Employee Ownership Trusts A New Option for Business Succession in Canada If you are a business owner in Canada, you may be wondering how to plan for the future of your company and your employees. You may have considered selling your business to a third party,...
Underused Housing Tax – What You Need to Know
What You Need to Know About The New Underused Housing Tax Update: The Canada Revenue Agency announced on March 27, 2023 that they will provide transitional administrative relief for the 2022 tax year. Even though the deadline for filing the UHT return and paying the...
Navigating the Audits of COVID-19 Support Payments Requires Expert Assistance
Navigating and understanding the audits of COVID-19 support payments requires expert assistance the RSW advisors can assist you with. The early days of COVID-19 saw the introduction of several government programs aimed at supporting individuals and businesses as...
Canadian Guide to Record Retention Policy Best Practices
Canadian Guide to Record Retention Policy Best Practices All you need to know about Canadian document retention policies and best practices according to the Canada Revenue Agency (CRA) Well, have at it — at least some of it. As you wash winter off your windows and...
Navigating the Alphabet Soup of Registered Savings Plan Options
Navigating the Alphabet Soup of Registered Savings Plan Options We can all agree that saving money for the future is a great idea, regardless of how you do it. Where things get murky, is when trying to decide which saving vehicle is the best option for your specific...
What Rising Interest Rates Mean for Small and Mid-Sized Businesses
What does rising interest rates mean for small and mid-sized businesses? To rein in inflation, which is at its highest point in 40 years, the Bank of Canada recently raised its benchmark interest rate to 2.5%, a full percentage increase. This is the largest one-time...
Should You Incorporate Your Medical or Dental Practice?
Should You Incorporate Your Medical or Dental Practice? Running a medical or dental practice is not the same as operating most businesses. In fact, until relatively recently, regulated professionals did not have the option to incorporate and access the advantages of...
RSW Tax Insights – Intergenerational Business Transfers
RSW Tax Insights Intergenerational Business Transfers In June 2021, Bill C-208 became law to provide an easement for intergenerational business transfers to make sure that these transitions are excluded from the anti-avoidance rule of section 84.1 As a backgrounder,...
What Can Businesses Expect as We Return to Normal
First of all, we must ask, is “normal” really a thing? After 2+ years of focusing on the COVID-19 pandemic, I’m not sure any of us fully understands what “normal” looks like as we move into a world where we continue to deal with new variants but also try to return to...
2022 Federal Budget Analysis
On April 7, 2022, The Federal Minister of Finance, the Honourable Chrystia Freeland tabled the federal budget. Read our analysis here of the 2022 Federal Budget.