New compliance requirements with an April 30th, 2023 filing requirement are upon us. Are you prepared? Clearline Consulting has the resources to help you navigate these new requirements. An Underused Housing Tax Return may need to be filed if your client owns residential property in a prescribed area. Canadian citizens and permanent residents are exempt … Continue reading “Underused Housing Tax Return – New April 30th Filing Requirement”
Tax Archives - Clearline Consulting
COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy
Author Clearline ConsultingPosted on Categories Quality Management, Resources, TaxLeave a comment on COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy While we are all working hard to support our clients during this crisis please ensure that you are considering mitigating your risk. These are difficult times for many organizations, which means we need to be aware of personal and professional pressures that our clients face. It becomes easier to rationalize a few tweaks here and … Continue reading “COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy”
Donation of Life Insurance Policies
Author Clearline ConsultingPosted on Categories TaxLeave a comment on Donation of Life Insurance Policies In discussions with a large charity, it has recently come to our attention that the BC Financial Services Authority’s (BCFSA, formerly FICOM) position is that accepting life insurance policies as a donation is not permitted under the Insurance Act. Gifts of life insurance policies have, up to now, have been an important alternative when making … Continue reading “Donation of Life Insurance Policies”