Pi Business News

The latest news and updates from the Pi Business Solutions offices.
Changes to Canada Pension Plan

Changes to Canada Pension Plan

On June 20, the finance ministers of the federal and provincial governments met to discuss broad changes to the CPP. They surprisingly came to a quick consensus and will be begin rolling out changes as of January 2019 with the program fully in place by 2025. While this seems like …

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Silver Lining

Silver Lining

The Alberta provincial budget was released yesterday and while there are many dark clouds, there are a few small silver linings for our clients. The small business corporate income tax rate will be dropping from 3% to 2%. This means if you have $50,000 in corporate profits, you will save …

read more
CRA Scam Prevention

CRA Scam Prevention

In the past several years, scammers have become increasingly aggressive and persistent in their attempts to steal money and identities from Canadian taxpayers. They often pretend to be from the CRA and use language designed to intimidate and confuse people – especially the most vulnerable. Some of the common scams …

read more
Direct Deposit

Direct Deposit

Starting in April 2016, the federal government is switching all its payments to direct deposit. All tax refunds, GST credit, child benefits, EI, CPP, and OAS cheques will potentially be cancelled and replaced by direct deposits. While we don’t know how strictly this will be enforced, we advise all of …

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GST For Small Business

GST For Small Business

CRA is hosting a free two-part webinar on March 16 and 23, 2016 on the basics of GST. Many small business owners are either new GST registrants or could benefit from a refresher on how GST work and the filing requirements. We offer GST reconciliation and filing as part of …

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Top 5 Things To Avoid When Filing Your Return

Top 5 Things To Avoid When Filing Your Return

CRA has assembled its Top 5 List of potential pitfalls. From missing slips to filing late (or not at all), we see these things all the time. Whether you have one T4 for the current year or 9 years of business returns to file, we can take care of you. …

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Changes to Canada Pension Plan

Changes to Canada Pension Plan

On June 20, the finance ministers of the federal and provincial governments met to discuss broad changes to the CPP. They surprisingly came to a quick consensus and will be begin rolling out changes as of January 2019 with the program fully in place by 2025. While this seems like …

read more
Silver Lining

Silver Lining

The Alberta provincial budget was released yesterday and while there are many dark clouds, there are a few small silver linings for our clients. The small business corporate income tax rate will be dropping from 3% to 2%. This means if you have $50,000 in corporate profits, you will save …

read more
CRA Scam Prevention

CRA Scam Prevention

In the past several years, scammers have become increasingly aggressive and persistent in their attempts to steal money and identities from Canadian taxpayers. They often pretend to be from the CRA and use language designed to intimidate and confuse people – especially the most vulnerable. Some of the common scams …

read more