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CRA 2021 Update: Dont Forget to Claim the $500 Digital News Tax Credit!

By  External Author |   | Posted in " Business Succession, Estates & Trusts, Family Succession "

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Christopher Liew, CFA 

Original Article Posted on:  January 4, 2021

Link to Original Article:  https://www.fool.ca/2021/01/04/cra-2021-update-dont-forget-to-claim-the-500-digital-news-tax-credit/


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Top Five Things To Look For When Hiring A Chartered Professional Accountant

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts, International Tax "

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A chartered professional accountant (CA) is an individual or firm specializing in accounting and financial reports preparation to ensure compliance with all regulations set by the state revenue service. Chartered professional accountants (CPA) are additionally able to represent a taxpayer before the IRS.


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COVID-19 could affect your tax season, says expert

By  External Author |   | Posted in " Estates & Trusts, Family Succession, International Tax, Risk Management "

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Original Article Source Credits:   CBC , https://www.cbc.ca/

Article Written By:  NA

Original Article Posted on:  Jan 14, 2021

Link to Original Article:  https://www.cbc.ca/news/canada/nova-scotia/expert-answers-covid-19-tax-season-questions-1.5873331


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What to expect from your 2021 taxes and how to prepare

By  External Author |   | Posted in " Estates & Trusts, International Tax "

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Erica Alini 

Original Article Posted on:  December 17, 2020 

Link to Original Article:  https://globalnews.ca/news/7525484/2021-taxes-tips/


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2020 Fourth Quarter

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts, Family Succession, International Tax, Risk Management "

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This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy! TAX TICKLERS… some quick points to consider… CRA has opined that U.S. Economic Impact payments received by residents of Canada are not taxable in Canada. 1,252,830 Canada Emergency Wage Subsidy (CEWS) applications have been approved for a total value of $41.12 billion (as of October 4, 2020). On October 9, 2020, the Government announced that the CEWS program will be extended to June 2021. Further, the maximum subsidy for period 8 (calculated using October’s revenues) of 65% would be maintained for……


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Our roundup of the best tax tips for Canadians

By  External Author |   | Posted in " Business Succession, Estates & Trusts, International Tax, Risk Management "

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Original Article Source Credits: MoneySense, https://www.moneysense.ca/

Article Written By: Luke Rivers

Original Article Posted on: 11th November 2020

Link to Original Article: https://www.moneysense.ca/save/taxes/best-tax-tips-canada/


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Prepare now for tax fallout from Covid-19, says tax expert

By  External Author |   | Posted in " Estates & Trusts, International Tax, Risk Management "

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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/

Article Written By: Michelle Schriver

Original Article Posted on: 30th October 2020

Link to Original Article: https://www.advisor.ca/tax/tax-news/prepare-now-for-tax-fallout-from-covid-19-says-tax-expert/


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These end-of-year tax tips will help those who received CERB and other pandemic benefits

By  External Author |   | Posted in " Estates & Trusts, International Tax, Risk Management "

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Original Article Source Credits: Financial Post, https://financialpost.com/

Article Written By: Jamie Golombek

Original Article Posted on: 30th October 2020

Link to Original Article: https://financialpost.com/personal-finance/taxes/these-end-of-year-tax-tips-will-help-those-who-received-cerb-and-other-pandemic-benefits


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2020 Tax Planning Special

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts, Family Succession, International Tax, Risk Management "

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YEAR-END TAX PLANNING December 31, 2020 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. SOME 2020 YEAR-END TAX PLANNING TIPS INCLUDE: Certain expenditures made by individuals by December 31, 2020 will be eligible for 2020 tax deductions or credits including: digital news subscriptions, registered journalism organization contributions, moving expenses, child care expenses, charitable donations, political contributions, medical expenses, alimony, eligible employment expenses, union, professional or like dues, carrying charges and interest expense. Ensure you keep all receipts that may relate to these……


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What to know (and do) about the CRA breach and shutdown

By  External Author |   | Posted in " Business Succession, Estates & Trusts, International Tax, Risk Management "

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Rachael D'Amore 

Original Article Posted on:   August 17, 2020

Link to Original Article:  https://globalnews.ca/news/7281074/cra-hack-online-services/


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