News + Articles
Congratulations To This Years Successful CFE Writers
The Partners and staff at Wilkinson & Company LLP are proud to announce that Mitchell Tomlin, Paulina Uy, Hardik Patel, and Bradley Limin have passed the CFE, the last milestone in completing the academic requirements leading to the CPA designation. A national three-day exam, the CFE assesses candidate competencies, including knowledge, professional judgement, and ethics. Valued members…
Read MoreZach Kruger CPA, CA Partnership Announcement
The Partners of Wilkinson & Company LLP are pleased to announce that Zach Kruger CPA, CA, will be admitted to the partnership on January 1, 2021. Zach is a product of a strong development program at Wilkinson & Company LLP. He began with the firm as a co-op student in May 2007 and transitioned to…
Read MoreJennifer Fisher’s Retirement Announcement
Jennifer Fisher’s retirement from Wilkinson and Company later this month will cap more than 40 years of dedicated service to her many clients in the Kingston and Quinte region. In addition to helping with all their accounting needs, Jennifer has been a ‘financial sounding board’ and trusted advisor to business owners, not-for-profit organizations and professionals,…
Read MoreCLIENT UPDATE – Canada Emergency Rent Subsidy (CERS) – Application
November 27, 2020 This communication is intended to provide you with a detailed update regarding the Canada Emergency Rent Subsidy (CERS), specifically the eligibility requirements and application process. On November 23, 2020, the CRA application for the CERS came online. As noted in our previous communications, this program will be replacing the Canada Emergency Commercial…
Read MoreCLIENT UPDATE – October 27, 2020 Canada United Small Business Relief Fund (CUSBRF)
Joining the ranks of a number of government relief programs resulting from the COVID-19 pandemic is the recently announced Canada United Small Business Relief Fund (CUSBRF). Effective October 26th, 2020, eligible small businesses can now apply under this program for a grant of up to $5,000, in order to reimburse the costs of personal protective…
Read MoreReal Estate Agents – Incorporating
Real estate agents would typically be operating as a “sole proprietor”, meaning all commission income earned would be reported on their personal tax returns, subject to their marginal tax brackets. Due to some legislative changes that occurred this year, a real estate agent now has the ability to incorporate their proprietorship on or after October…
Read MoreCLIENT UPDATE – October 14, 2020 Changes to Wage Subsidy, Rent Subsidy and Forgivable Loan Program
On Friday October 9, 2020, the government announced expansions of the three flagship business support programs being used to provide assistance during COVID-19. Significant changes are being made to the following programs: Canada Emergency Wage Subsidy (CEWS) Canada Emergency Commercial Rent Assistance (CECRA), to be replaced with Canada Emergency Rent Subsidy (CERS) Canada Emergency Business…
Read MoreCLIENT UPDATE – July 28, 2020 COVID-19 – Summary of Government Measures to Date
There have been many releases, retractions and revisions to the various tax and subsidy programs that the Government has implemented since the start of the COVID-19 pandemic, to address the ever-changing impact on the financial well-being of individuals and the economy. Due to this fact, it can sometimes be difficult to determine what information is…
Read MoreCLIENT UPDATE – July 22, 2020 Significant Expansion of the Canada Emergency Wage Subsidy
We are contacting you today to inform you about the significant expansion and extension for the Canada Emergency Wage Subsidy (CEWS). After several weeks of speculation, the government announced the details of their proposed expansion of the CEWS on July 17, 2020. The current incarnation of the program provides a wage subsidy of 75% of…
Read MoreCLIENT UPDATE – June 25, 2020 Canada Emergency Response Benefit Update
We are contacting you today to provide an update and general overview of the Canada Emergency Response Benefit (CERB). The CERB was introduced in March to assist those individuals who had ceased working in relation to COVID-19, by providing eligible individuals with a $2,000 payment for each of the prescribed four-week periods. As a quick recap…
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