New Annual Return Filing Requirements for Ontario Corporations

All corporations incorporated in Ontario are required to file an Annual Return with the Ontario government within six months after the end of each tax year.  This filing requirement is in addition to a requirement […]

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New Reporting Requirements for Trusts

New tax reporting requirements for certain trusts will come into effect for the 2021 taxation year ending on December 31. As a result, most trusts must now file a Canadian tax return even if there was […]

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Business Support Measures Extended

In response to the COVID-19 global pandemic, the federal government rolled out a number of support programs over the last 18 months such as the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS), […]

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Bill C-208 – What’s all the Fuss About?

BackgroundFor decades, income tax legislation has made it difficult to sell your small business or family farm to a family member and still get concessional tax treatment for the seller. Under legislation that previously stood, […]

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Federal Budget Extends Wage and Rent Subsidies to September 2021

In response to the continued financial distress that the COVID-19 global pandemic has caused on businesses, the federal government recently outlined extensions for the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) to […]

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SRP Response to Stay-at-Home Order

In response to the Ontario stay-at-home order that came into effect on April 8, 2021, Secker Ross & Perry LLP (SRP) has resumed remote working schedules for many of our accounting staff.  While our reception area […]

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2020 Personal Income Tax Filings

In spite of the challenging environment we are all facing as result of the COVID-19 global pandemic, we have yet to hear from Canada Revenue Agency (CRA) regarding any filing extensions.  For 2020 filings, it […]

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Wage & Rent Subsidy Support Continues to June 2021

On March 3, 2021 the Government of Canada announced that it would continue financial support to June 5, 2021 to businesses effected by the COVID-19 global pandemic. Support provided under the Canada Emergency Wage Subsidy (CEWS) […]

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2020 Personal Income Tax Filings

2020 Personal Income Tax Filings

In spite of the challenging environment we are all facing as result of the COVID-19 global pandemic, we have yet to hear from Canada Revenue Agency (CRA) regarding any filing extensions…

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Wage & Rent Subsidy Support Continues to June 2021

Wage & Rent Subsidy Support Continues to June 2021

On March 3, 2021 the Government of Canada announced that it would continue financial support to June 5, 2021 to businesses effected by the COVID-19 global pandemic. …

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2020 Personal Tax Checklist

2020 Personal Tax Checklist

It will soon be time to file your 2020 personal tax return. Please download the checklist which will assist you in assembling the necessary information …

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