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Budgeting for a Post-pandemic World

Budgeting for a Post-pandemic World

SB Partners Admin on May 27, 2021 in Advice for Business Owners

The COVID-19 pandemic has taken the world by storm since it was first discovered in late 2019, affecting virtually all strata of human endeavors. Business owners, business advisors, and other business stakeholders were not left out of the onslaught. It has become more difficult to follow through with budget planning due to the many uncertainties. … Continued

Optimize tax deductions from your rental properties with a good plan

SB Partners Admin on January 23, 2021 in Tax

Expense this, deduct that Investing in real estate is a great addition to investment portfolios. Whether you hold property waiting for the value to increase, or utilize it for rental income, investing in real estate has been a popular choice for many. As tax season approaches, here is a look at how real estate investments … Continued

What is an RRSP and How does it work?

SB Partners Admin on January 12, 2021 in Tax

Registered Retirements Savings Plans (RRSP) were introduced in 1957 by the government as an alternative vehicle Canadians could use to save for retirement. Essentially it is an account that is to be used as a long-term savings plan, with the “registered” designation implying that the CRA treats funds that are deposited or “contributed” to an … Continued

New Recovery Benefits

SB Partners Admin on October 6, 2020 in COVID19

New Recovery Benefits If you were receiving CERB, you may be eligible for one of the new recovery benefits retroactive to September 27, 2020 and available until September 25, 2021. Canada Recovery Benefit (CRB) The Canada Recovery Benefit will provide eligible workers with $500 per week (taxable, tax deducted at source) for up to 26 … Continued

The Speech from the Throne Sheds Light on the New Economy

SB Partners Admin on September 30, 2020 in COVID19

The recent Speech from the Throne delivered by the Honorable Governor-General on September 23 provided some insight into the direction the government intends to guide the Canadian economy through the remainder of the COVID-19 pandemic and beyond. The speech outlined four foundations: “Protecting Canadians from COVID-19”, “Helping Canadians through he pandemic”, “Building Back Better” improving … Continued

Federal government introduces legislation for new recovery benefits

SB Partners Admin on September 29, 2020 in Advice for Business Owners

On September 24, 2020, the federal government tabled Bill C-2, An Act relating to economic recovery in response to COVID-19, which creates three new temporary recovery benefits to support Canadians who are unable to work for reasons related to COVID-19. Specifically, the legislation includes: A Canada Recovery Benefit (CRB) of $500 per week for up … Continued

Enhanced Canada Emergency Wage Subsidy

SB Partners Admin on August 19, 2020 in COVID19

On August 17th, 2020, the Minister of National Revenue, the Honourable Diane Lebouthillier, announced that the Canada Revenue Agency has opened applications for Period 5 – the first period of the enhanced CEWS program. Highlights of the program changes for Periods 5-9 include: The extension of the CEWS, including redesigned program details, until November 21, … Continued

CERB Repayment

SB Partners Admin on July 28, 2020 in COVID19

In the wake of the COVID pandemic outbreak, the Canadian government introduced the Canadian Emergency Response Benefit (CERB). Financial assistance to employed and self-employed individuals of up to $2000 for a four-week period. That works out to be $500 a week, and the availability of the CERB was extended over several four-week periods. The CRA … Continued

SB Partners welcomes Ramki Balakrishnan to leadership of SB Advisory Services Inc.

SB Partners Admin on May 11, 2020 in SB Partners News

SB Partners is pleased to introduce Ramki Balakrishnan as President and CEO of SB Advisory Services Inc. (SB Advisory). Ramki brings 21-years of experience leading companies to the SB Advisory platform. Working with international firms within an evolving marketplace, Ramki will provide advice and guidance as organizations navigate the new economic environment. Ramki: “SB Advisory provides CEOs … Continued