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Archives for Tax

Tax Update: Real Estate Agents can now Incorporate

On October 1, 2020, the Government of Ontario announced a change under the Trust in Real Estate Services Act, 2020 that will allow real estate agents (“Agents”) to incorporate and be paid through a Personal Real Estate Corporation (“PREC”).  

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Tax Update – COVID-19: Latest Relief Measures for Small Businesses

The developments on the COVID-19 pandemic have been numerous and developing rapidly since the Government of Canada passed the first COVID-19 Emergency Response Act approximately one month ago.

This Tax Update looks at some of the more recent measures intended to provide relief to Canadian small businesses and taxpayers:

  1. the Canada Emergency Wage Subsidy
  2. the Canada Emergency Business Account loan program
  3. the Business Credit Availability Program
  4. Canada Emergency Commercial Rent Assistance
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