To our valued clients, Firstly, we hope everyone is keeping healthy. Secondly, we’d like to announce that we have successfully completed our office relocation. We ask that you update, in your records, our new permanent location:...
75% Canada Emergency Wage Subsidy Updates
On April 11, 2020, the 75% wage subsidy (the “subsidy” or “CEWS”) received royal assent and is now law.
Can your business survive the Coronavirus?
One thing is for certain the impact on businesses will only worsen as the virus continues to spread – so we are recommending that our clients prepare for the worst-case scenario.
Abacus’ response to COVID-19
The complications resulting from the COVID-19 pandemic are evolving at a rapid pace. As new information becomes available, we will continue to adapt to how we manage our business.
An Accountant’s Guide to Bookkeeping
We get it – you’d rather do anything other than bookkeeping. It seems like an administrative burden and a time-sink, but it doesn’t have to be!
COVID-19 Relief for Corporations
Relief during COVID-19 On March 18, 2020, the Canadian government announced a $27B plan to reduce the economic impact of the COVID-19 outbreak for both individuals and businesses through the Economic Response Plan (“ERP”). An update to the plan was announced on March 27, 2020. The ERP continues to be updated and available on the government’s portal. For our corporate clients, important measu...
COVID-19 Relief for Personal
For those eligible for the Canada Child Benefit (“CCB”) the government is increasing the payment amount by $300 per child for the 2019-20 benefit year. The payment will be made in May to those families eligible for receipt.
Do I Need a Holding Company?
Is a holding Company right for me? Do I need a holding company in Canada? Let’s start with a simple question: What is a holding company? Holding companies, ordinarily, do not run a business nor have active operations. They are instead used to ‘hold’ investments such as: shares in public companies, bonds, real estate or shares in other private companies. Let’s take a step back… The Canadi...