Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

Alliance Accounting Group Chartered Professional Accountants Inc. is a dynamic accounting firm committed to delivering exceptional client service, high quality of work and innovative solutions for our clients.

News

Tax Alerts

Canadians are fortunate to have a publicly funded health care system, in which most major medical expenses are covered by provincial health care plans. Such plans are not, however, comprehensive, and there is consequently a large (and growing) number of medical and para-medical costs — including dental care, prescription drugs, physiotherapy, ambulance trips, and many others — which must be paid for on an out-of-pocket basis by the individual. In some cases, such costs are covered by private insurance, usually provided by an employer, but not everyone benefits from such coverage. Self-employed individuals, those working on contract, or those whose income comes from several part-time jobs do not usually have access to such private insurance coverage. Fortunately for those individuals, our tax system acts to help cushion the blow by providing a medical expense tax credit to help offset out-of-pocket medical and para-medical costs which must be incurred.


Working from home — and certainly work from home arrangements on the scale experienced over the past 19 months — would not be practically possible without the use of technology. And of all the available technology, cell phones and internet service are the two essentials without which work-from-home arrangements almost literally can’t function.


Throughout the pandemic, the federal government has provided businesses with a number of support programs, some of which operated to subsidize the wage and rental costs of those businesses. Some of those programs were scheduled to expire on November 20, 2021; however, in its most recent announcement made October 21, 2021, the federal government indicated that one program — the Canada Recovery Hiring Program (CRHP) — would be extended, possibly until July 2, 2022. In addition, two new programs will be implemented to address the needs of businesses in sectors particularly hard hit by the pandemic. The affected programs are as follows.


Since the Canada Recovery Benefit (CRB) replaced the Canada Emergency Response Benefit (CERB) just over a year ago, more than 2 million individual Canadians have applied for the CRB, a benefit which paid $900 (pre-tax) per week until July 17 of this year, and $600 (pre-tax) per week thereafter. For the most recent benefit period for which figures are available (September 12-25, 2021), 821,560 Canadians received the CRB. In total, just over $27 billion in CRB amounts have been issued by the federal government since October 2020.


Two quarterly newsletters have been added—one dealing with personal issues, and one dealing with corporate issues.


The ongoing pandemic has, as one of its many effects, created a boom in the home renovation industry, as Canadians find themselves needing to adapt their homes to more and more varied uses.


In most cases, the need to seek out and obtain legal services (and to pay for them) is associated with life’s more unwelcome occurrences and experiences — a divorce, a dispute over a family estate, or a job loss. About the only thing that mitigates the pain of paying legal fees (apart, hopefully, from a successful resolution of the problem that created the need for legal advice) would be the ability to claim a tax credit or deduction for the fees paid.


Since March of 2020, tens of millions of Canadians have received pandemic benefits. In some cases, those benefits have been received directly by individuals — typically, through the Canada Emergency Response Benefit (CERB) and, later, the Canada Recovery Benefit (CRB). In other cases, benefits have been provided to businesses, in some cases to assist them with rent payments or, in others, to subsidize employee wages.


Most Canadians know that the deadline for making contributions to one’s registered retirement savings plan (RRSP) comes 60 days after the end of the calendar year, around the end of February. There are, however, some circumstances in which an RRSP contribution must be (or should be) made by December 31, in order to achieve the desired tax result.


July 15, 2021

In an effort to ensure our clients are informed as to how our firm is operating during this health crisis, we will be providing updates as frequently as necessary on this website.  We continue to monitor the situation daily.  We are taking this very seriously.

We have implemented strict social distancing procedures and all other procedures as suggested by health authorities.  Anyone that is feeling ill or is at any risk will not be allowed to enter our offices.

Contactless options for dropping off information are available.  We offer secure drop boxes at our staffed and remote office locations.  As well, documents can be mailed to us or uploaded to our secure portal.  Please contact us for more information.

We are doing our diligent best to continue to serve our clients to the best of our ability. 

Our Commitment to our Staff:

Our staff has been given training in the areas of:

-maintaining safe work spaces

-minimizing prolonged (more than ten minutes), close (less than six feet) contact between co-workers

-avoiding greetings that involve touching or handshakes

-proper hand washing and cough etiquette

-instruction to remain at home and follow public health advice relating to self-monitoring and self-isolation if they, or a member of their household feels ill

-the use of facemasks when required

If you wish to meet with one of our team members:

We invite you to contact our offices for information.  We offer the following options:

-a scheduled telephone call

-a scheduled virtual meeting using Microsoft Teams

-a scheduled in-person appointment

Not sure about using Teams?  We have trained staff who can assist you and even do a trial run to ensure your computer, iPad or cellular phone will work for this.  We have found that this works extremely well, especially for clients who normally would travel a distance.

We commit to continuing to service our clients while actively monitoring the situation to ensure health and safety for all.  Although we live in uncertain times, our commitment to provide you with a high quality of work and personal service remain.  We appreciate your cooperation and patience.

Our Team

Alliance Accounting Group Partners

Partners

Meet the Alliance Accounting Group Partners

View more
img08

Our Staff

Meet the Alliance Accounting Group Staff

View more
Alliance Accounting Group Logo