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Upcoming CRA Charities Webinar: Gifting and Receipting

Are you a representative of a charity? Are you interested in refreshing your knowledge as it relates to tax receipting? On May 25th and 26th, the CRA’s Charities Directorate will be holding virtual information sessions on gifting and receipting.   The webinar covers gifts, appropriateness of tax receipting, donated services, considerations related to gift certificates,…

1 min read

Federal Budget: Summary of Tax Measures

  The Minister of Finance, Chrystia Freeland, delivered the 2021 Budget this afternoon. Below you will find our summary of highlights of the tax measures announced in the Budget. The Budget did not contain any significant tax increases, including the rumoured increase to the capital gains inclusion rate or taxation of principal residences.   Business…

4 min read

Bridget Noonan Named One of ‘Top 50 Women in Accounting’ for 2020

  Congratulations to Bridget Noonan, partner at Clearline CPA and Clearline Consulting, on being named one of Practice Ignition’s Top 50 Women in Accounting for 2020.   Practice Ignition’s annual list, which launched on International Women’s Day in 2018, celebrates all the amazing women who are driving change and creating opportunities in the Accounting and…

1 min read

Clearline is Pleased to Announce the Newest Additions to our Staff

  Joining the Burnaby office:   Ayisha Parmar joined the team in Burnaby in December 2020. She graduated with a BBA in Accounting from Kwantlen Polytechnic University. Ayisha was interested in working at Clearline because the team is friendly and provides personalized services. She’s excited to help Clearline’s clients succeed in their personal and business…

2 min read

Federal Apprenticeship Job Creation Tax Credit and the BC Training Tax Credit

  Federal Apprenticeship Job Creation Tax Credit (“AJCTC”)   The AJCTC is a non-refundable investment tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum that an employer can claim is a credit of $2,000 per year for each eligible…

3 min read

2020 Personal Taxes

  Last year’s tax season was one for the history books and here at Clearline, we are looking forward to this tax season returning to a more typical experience…with some enhancements we are proud to share with you.   COVID-19 moved us into automating our practice at an accelerated pace. We have now implemented a…

3 min read