tax | 4 Corner Financial

2021 Income Tax Year Tips

by 4 Corner Financial | Apr 1, 2022 | Blog, tax

Tax Tips You Need To Know Before Filing Your 2021 TaxesThis year’s tax deadline is April 30, 2022. We’ve got a list of tips to help you save on your taxes!Claiming home office expensesYou can claim up to $500 under the “flat rate” method if you worked at home due to...

10 Essential Decisions for Business Owners

by 4 Corner Financial | Sep 1, 2021 | Blog, Business Owners, estate planning, financial advice, Financial Planning, group benefits, health benefits, insurance, investment, tax

10 Essential Decisions for Business OwnersBusiness owners are busy… they are busy running a successful business, wearing lots of hats and making a ton of decisions. We’ve put together a list of 10 essential decisions for every business owner to consider; from...

Estate Freeze

by 4 Corner Financial | Aug 3, 2021 | Blog, estate planning, tax

In 2015, CIBC conducted a poll to see how many Canadian business owners had a business transition plan. Almost half of them didn’t have one.No business owner likes to think about handing over their business they’ve built from the ground up. But the fact of...

Federal Budget 2021 Highlights

by 4 Corner Financial | Apr 22, 2021 | 2021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, Professional Corporations, tax

On April 19, 2021, the Federal Government released their 2021 budget. We have broken down the highlights of the financial measures in this budget into three different sections:Business OwnersPersonal Tax ChangesSupplementary HighlightsBusiness OwnersExtending Covid...

What’s new for the 2021 tax-filing season?

by 4 Corner Financial | Apr 2, 2021 | 2021, Blog, tax

Tax season is upon us once again. But since 2020 was a year like no other, the 2021 tax-filing season will also be different. Both how we worked and where we worked changed for a lot of us in 2020.Some Canadians got to work from home for the first time but saw no...

2021 Comparing TFSAs and RRSPs

by 4 Corner Financial | Jan 11, 2021 | 2021, Blog, Family, individuals, investment, retirees, RRSP, tax, Tax Free Savings Account

If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. We’ve...

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Easy Exit: Business Succession in a Nutshell May 4, 2022
Getting into the world of business is a meticulous task, but so is getting out of it Whether you’ve just hit the ground running on your business or if you’ve been at it for a long time, there is no better time to plan your exit strategy than now.
4 Corner Financial
2022 Federal Budget Highlights April 8, 2022
On April 7, 2022, the Federal Government released their 2022 budget. Our article contains highlights of the various financial measures in this budget, divided into these sections: • Housing • Alternative minimum tax • Dental care • Small businesses • Tradespeople • Canada Growth Fund • Climate • Bank and insurer taxes
4 Corner Financial
2021 Income Tax Year Tips April 1, 2022
It’ll be time to file your 2021 taxes soon, and you must take advantage of every tax credit and deduction that you can. Our article includes information on a variety of subjects you need to know about, including what to do if you’ve had to repay COVID-19 benefits, how to plan ahead if you’re self-employed […]
4 Corner Financial
Accessing Corporate Earnings April 1, 2022
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government's.
4 Corner Financial
Saskatchewan 2022 Budget Highlights March 25, 2022
On March 23, 2022, the Saskatchewan Minister of Finance announced Saskatchewan's 2022 budget. We have highlighted the most important financial measures you need to know, with an emphasis on: • An increased Saskatchewan Value-added Agriculture Incentive. • An increased Saskatchewan Technology Start-up Incentive tax credit. • Changes in Education property taxes and what the PST […]
4 Corner Financial