Sharing Losses Incurred by Related Companies

Are sharing losses allowed to offset the income generated by a related company? Yes, it is possible for related companies to be sharing losses; however some technical issues may arise when trying to share tax losses between these companies...READ FULL STORY »

Video Game Company Grants

Are There Any Video Game Company Grants or Incentives From the Government? There are a few video game company grants and tax incentive programs currently being offered by the Ontario government for startup and existing gaming companies. These incentives and...READ FULL STORY »

SR&ED Programs & Incentives

What is Scientific Research and Experimental Development? The formal definition of scientific research and experimental development (SR&ED) is to mean the “systematic investigation or search carried out in a field of science or technology by means of e...READ FULL STORY »

Refundable Medical Expense Supplement

What is the Refundable Medical Expense Supplement (RMES)? The RMES is a credit (maximum of $1119) provided for eligible individuals who are resident in Canada throughout the year and are 18 years of age or older by the end of the year and have claim...READ FULL STORY »

Vacation Pay

What is vacation pay? Vacation pay is essentially income that arises from your employment. Vacation pay can either be paid out on each paycheque or it can be accrued and taken out by the employee under certain circumstances.

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