NVS Professional Corporation, Author at NVS Professional Corporation

Key Insights

Canada Carbon Rebate for Small Businesses

Over the next few weeks, owners of small and medium-sized businesses will be receiving their Canada Carbon Rebate for Small Businesses. Through this rebate, the federal government will return more than $2.5 billion to around 600,000 businesses across Canada. Designed to offset the costs associated with the federal fuel charge, this initiative aims to alleviate financial pressures while still promoting environmental responsibility. Keep reading to learn more about this rebate including eligibility criteria, provincial rates and payment methods.

NVS Professional Corporation November 28, 2024

NVS Cash Flow Management Blog Header Image

Business Acumen

Cash Flow Management for Small Businesses

Cash flow is the lifeblood of any successful business. It sustains daily operations, fuels growth, and helps navigate market highs and lows. If you are not actively managing cash flow, you might be exposing your business to unnecessary risk. In today’s highly competitive business environment, with its tight margins and unforeseeable market disruptions, effective cash flow management can be the difference between success and failure. Read the full article to learn more.

NVS Professional Corporation November 18, 2024

NVS Trust Reporting Micro Blog Header Image

Key Insights

Changes to the New Trust Reporting Requirements

The hasty implementation of new reporting rules in 2023 was cause for much confusion and uncertainty among Canadian taxpayers. In recent months, the Ministry of Finance revisited the new trust reporting rules and introduced several key amendments. With broader exceptions and an expanded list of exempted trusts, these changes aim to provide greater clarity and limit the number of trusts subject to the new requirements. Learn more here.

NVS Professional Corporation October 8, 2024

Stack of coins on desk representing capital cost allowance tax savings

Accountancy

Capital Cost Allowance Canada

Is your business making the most of the Capital Cost Allowance? Integrating CCA into broader fiscal planning can significantly reduce taxable income and enhance cash flow, which is crucial for the growth and sustainability of any business. Decision-makers must have a detailed understanding of how the CCA system works, from the categorization of assets to the half-year rule. In our latest article, we provide a comprehensive overview of the CCA and discuss various strategies Canadian businesses can use to maximize its benefits.

NVS Professional Corporation September 27, 2024

Clean economy investment tax credits Canada

Key Insights

Clean Economy Investment Tax Credits 2024

Can your business benefit from the new Clean Economy ITCs? To support Canada’s goal of achieving net-zero emissions by 2050, the government has identified six key areas that will receive major economic ITCs in 2024 and beyond. With the passing of Bills C-59 and C-69, the legislation for the first four ITCs has now received royal assent. These ITCs represent a significant opportunity for tax savings, with roughly $93 billion in federal incentives being made available by 2034-35. To learn more about the Clean Economy ITCs and what they mean for Canadian businesses, check out our Key Insights.

NVS Professional Corporation September 18, 2024

Accountant holding hands with clients supporting paper cut out of family representing estate planning

Accountancy

Death and Taxes – Estate Planning Canada

Whether you’re 30 or 70, estate planning should be a critical part of your long-term financial strategy. A well-structured estate plan ensures your loved ones receive the maximum benefits from your assets while minimizing their tax liabilities. The key is understanding how wealth is taxed upon death and using the various tools available to protect your estate. Comprehensive plans should employ a combination of strategies, from spousal rollover to the establishment of trusts. To learn more about developing a tax-efficient estate plan that preserves your legacy, read the full article now.

NVS Professional Corporation August 29, 2024

Author: NVS Professional Corporation

Canada Carbon Rebate for Small Businesses

Cash Flow Management for Small Businesses

Changes to the New Trust Reporting Requirements

Capital Cost Allowance Canada

Clean Economy Investment Tax Credits 2024

Death and Taxes – Estate Planning Canada

Featured Articles

Cash Flow Management for Small Businesses

Death and Taxes – Estate Planning Canada

Key Performance Indicators – Setting Your Business up for Success

Categories

Company

Support

Newsletter