Abacus Briefs

Today we chat about various effects and consequences of COVID-19. We discuss: (i) various examples of what we've seen happen with our clients and how they've responded to the economic changes, (ii) the measures that the government released (and their consequences), and (iii) a number of strategies businesses have employed to react to and to protect themselves from the downturn. We, of course, dig deeper into the tax law being created today and our first evidence of its effect on the business community.

Today we chat about: (1) common pitfalls when trying to comply with the GST/HST rules; (2) the recently-proposed federal budget and important takeaways including accelerated depreciation, zero emission vehicles, training credits, the home buyers plan, etc.; (3) how to think about real estate transactions in in the context of the GST/HST rules along with common issues encountered by various types of buyers and sellers; and (4) a question and answer period with our friends at Reddit.

We (i) start off with some preamble about our thoughts on podcasting, (ii) go into a few reminders for listeners during the tax season, (iii) move on to discuss strategies in preventing fraud considering that it's fraud prevention month, (iv) talk about recent announcements that Uber and Lyft may be offering stock to their drivers, (v) debate criteria for selecting financial advisors, (vi) comment on recent retail store announcements about the closing of 465 stores, and (vii) answer some questions from the reddit community.

A podcast where Gus and Igor, real-life CPAs, tackle Canada's current events in a light-hearted way with a bit of a comedic spin. Today we talk about the wealth tax in Canada, Amazon's taxes payable, seasonal RRSP recommendations, and take questions from Canadians.