Always read the fine print. It’s a rule of thumb that can help mitigate risk and avoid a plethora of financial challenges, at least for those who choose to follow it. That advice could apply to a measure proposed (and since passed) in the 2026 Ontario Budget, which reduces the Ontario small business corporate income […]
The federal government continues to enact measures to address the economic disruption caused by the COVID-19 crisis, this time announcing yet another extension of tax payment due dates for 2019 tax returns. Individuals, corporations and trusts will now have until September 30th, 2020, to pay outstanding current-year tax balances. The previous payment deadline was September […]
UPDATE: On the heels of the federal government’s announcement this week of penalty deferrals for late T1 filings—which came in addition to a previous extension of the 2019 tax filing deadline to June 1, 2020, all to help Canadians impacted by COVID-19—Ottawa is also granting filing deadline extensions for certain corporations and trusts. Corporations that […]
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