2022 Year End Tax Tips and Strategies for Business Owners

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The end of 2022 is quickly approaching – which means for business owners, it's time to review tax tips and strategies to maximize your benefits.

2022 Ontario Budget Highlights

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On April 28, 2022, the Ontario Minister of Finance delivered the province's 2022 budget. It's focused on five different pillars: • Rebuilding the economy. • Better jobs and bigger paycheques. • Building highways and critical infrastructure. • Keeping costs down. • Investing in health care. Budget 2022 includes no changes to personal or corporate tax rates.

2022 Alberta Budget Highlights

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On February 24, 2022, the Alberta Minister of Finance announced the 2022 budget. We have highlighted the most important financial measures you need to know, with an emphasis on: • Increasing the capacity of the healthcare system • Supporting Albertans to get back to work • Committing to the fiscal plan Budget 2022 includes no changes to personal or corporate tax rates.

TFSA versus RRSP – What you need to know to make the most of them in 2022

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TFSAs and RRSPs can be significant savings vehicles. To help you understand their differences, we have put together this article to compare: - TFSA versus RRSP - Differences in deposits - TFSA versus RRSP - Differences in withdrawals Understanding the differences between these two types of tax-advantaged accounts can help you better plan for future purchases and your eventual retirement.

2022 Financial Calendar

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Looking for an "at a glance" document covering all the important dates you need to know to stay on track with your financial planning in 2022? Our 2022 financial calendar (which you can easily bookmark or print out) makes sure you're always in the loop! It lists important dates, including: • Payments dates for the Canada Child Benefit, CPP, OAS, and the GST/HST credit. • When TFSA contribution room starts again. • Tax filing deadlines. • Charitable contribution deadlines and the last day to contribute to registered investment accounts. • When the Bank of Canada interest rate announcements are.