Covid-19 and Flexibility for Taxpayers

The government of Canada is taking action in order to provide assistance and flexibility to Canadians facing hardship due to the Covid-19 virus. Not only will the government provide options and flexibility for individual tax filing but also support for businesses. For individuals, the government will defer the filing due date for those expecting a […]

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Covid-19: Economic Support in Ontario

Chances are you have not only been personally affected by the Covid-19 virus but your finances and business finances have also been disrupted. Our government has responded with economic support. They set in motion $52 billion worth of financial aid. The government plans to start the Canada Emergency Response Benefit (CERB) $2,000 per month for […]

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South Asian Weekender Newpaper

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Surplus Income and Bankruptcy Discharge

Surplus Income and Bankruptcy Discharge When you file an Assignment in Bankruptcy, you are allowed to keep sufficient of your income to allow you to live a normal life. The trouble is that the definition of a “normal life” is based on a cross-Canada average that is calculated annually by the Office of Superintendent in Bankruptcy. […]

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