Federal Budget 2013

On March 21, 2013, the Honourable Jim Flaherty tabled the 2013-2014 federal budget which focuses on jobs, growth and long-term prosperity. The deficit for the 2013-2014 year is projected to be $18.7 billion with a balanced budget still planned for 2015-2016. To increase revenue, the budget closed certain “tax loopholes” – for owners of Canadian-Controlled… continue reading Federal Budget 2013

Workers Safety Insurance Board (WSIB)

Effective January 1, 2013 independent operators, sole proprietors, partners and executive officers in the construction industry will no longer be able to opt out of paying WSIB premiums. Certain exceptions exist for partners or executive officers who do not provide any construction work and in circumstances where only home renovation work is done through a… continue reading Workers Safety Insurance Board (WSIB)