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Underused Housing Tax (UHT) What you need to know
NEWSUnderused Housing Tax (UHT) What you need to knowWhat's UHT? The federal Underused Housing Tax (UHT) became effective January 1st, 2022. The UHT imposes a 1% annual tax on the value of Canadian residential property considered to be vacant or underused that is...
Ag Outlook 2023
NEWSAg Outlook 2023 Stark & Marsh and Innovation Credit Union hosted Ag Outlook on January 24th & 25th. Guest speaker Brad Magnusson provided industry updates. This event was hosted through Zoom webinar and registration in advance was required. Day 1 - January...
2022 Canada Federal Budget: Detailed commentary
The budget is based on three pillars: (i) investing in people by increasing the housing supply and establishing affordable child care, (ii) facilitating a transition to a green economy to fight climate change, and (iii) incentivizing and supporting Canadian production and innovation.
Wealth Management Resources
Crisis-Proofing Your Business
WEALTH MANAGEMENT RESOURCE Crisis proofing your businessThe events over the past two and a half years have taught us many lessons in life and business. Whether preparing to expect the unexpected, adapting to rapidly changing laws and regulations, or feeling a direct...
Long Term Care Insurance – Explained
WEALTH MANAGEMENT RESOURCE Long Term Care Insurance Explained Executive Summary Our population is getting older, and the life expectancy in this country continues to grow. Today, 65-year-old Canadians live on average to age 87 (men) and 89 (women). As people age,...
RESP Withdrawal
WEALTH MANAGEMENT RESOURCERESP WithdrawalSo, you’ve saved for your child’s education within a Registered Education Savings Plan (RESP), hoping that they will pursue post-secondary education one day. Congratulations! They are enrolled! For all these years, your...
AgriBusiness Resources
Government expands applicability of Livestock Tax Deferral
RESOURCE Government expands applicability of Livestock Tax Deferral TAX ALERT | September 15, 2021 Authored by RSM Canada Farmers and ranchers across Western Canada are grappling with especially brutal drought conditions this year, due to low precipitation and...
How and why farm partnerships may work for your farming business
RESOURCEContact your trusted Stark & Marsh Advisor or an office close to you.This article was written by Rob Fischer and originally appeared on 2021-08-29 RSM Canada, and is available online at...
Key considerations when buying or selling farmland
RESOURCEContact your trusted Stark & Marsh Advisor or an office close to you.This article was written by Leanne Alexander and originally appeared on 2021-08-29 RSM Canada, and is available online at...
Business Resources
Are You Considering Buying a Business?
BUSINESS RESOURCEAre You Considering Buying a Business? It's hard to know where to start when you are thinking about buying a business. Nadine Dyck is an accredited Business Valuator and a CPA. She assists her clients in determining a fair asking price, general...
Self-Employed Employment Insurance
BUSINESS RESOURCESelf Employment Insurance WHAT IS SELF EMPLOYMENT INSURANCE? Typically self-employed individuals do not qualify for employment insurance (EI) unless they apply for self-employed EI which allows qualifying individuals to access EI special benefits. ...
Vehicles – Is it Better to Own Inside or Outside of a Company?
BUSINESS RESOURCEVehicles – Is it Better to Own Inside or Outside of a Company? Before we can understand if it is better to own a vehicle inside or outside of a company, we first need to look at the rules regarding company owned vehicles. The Canada Revenue Agency...
TAX Resources
Underused Housing Tax (UHT) What you need to know
NEWSUnderused Housing Tax (UHT) What you need to knowWhat's UHT? The federal Underused Housing Tax (UHT) became effective January 1st, 2022. The UHT imposes a 1% annual tax on the value of Canadian residential property considered to be vacant or underused that is...
Canada Dental and One-Time Top-up to the Canada Housing Benefits
TAX RESOURCECanada Dental and One-Time Top-up to the Canada Housing Benefits The Government of Canada is delivering targeted affordability measures for Canadians who need it most. The Government of Canada is offering the Canada Dental Benefit and one-time...
Tax planning: 2022 year-end considerations for businesses and individuals
This tax planning guide for 2022 and beyond reflects considerations that may create risk or opportunity for Canadian businesses and individuals.
The Real Economy
Canada inflation hits 8.1% but shows signs of softening
Inflation reached 8.1% in June in Canada, the highest since January 1983, although the pace of the increase eased compared to previous months.
Bank of Canada raises its policy rate by 1% to tame inflation
The Bank of Canada announced a 100-basis-point rate hike on Wednesday, the largest increase since 1998, in an attempt to restore price stability.
Canada’s unemployment rate hits record low, even as economy sheds jobs
Bucking a trend of continuous job gains since January, Canada lost 43,000 jobs in June as the unemployment rate hit another record low of 4.9%.