Thoughts, opinions and trends – everything, all in one place.


23 result(s)

Past Webinar - Business Advice

Top 10 Tax Planning Tips for Business Owners

 – When it comes to planning for the financial well-being of your business, there are hundreds of goals you can set, and even more ways on how to reach them. But where do you start?

5 things you can do as a business Owner

Blog - Business Advice

5 Things You Can Do as a Business Owner to Prepare for 2023

 – As we say goodbye to 2022, there seems to be a consensus that Canada will enter a recession in the latter half of 2023. Having weathered the rollercoaster of the past two years, we appreciate the concern business owners are feeling as they will no doubt face yet more twists and turns in the new year.

RRSP Income

Blog - RRSP

Converting Your Registered Retirement Savings Plan (RRSP) Into Income.  

 – You’ve been contributing to your RRSP throughout your career and now it’s time consider reversing the flow of funds; leveraging your RRSP as an income source to help fund your retirement==.  Decumulation of assets and navigating retirement cash flows is a complex puzzle.  The RRSP is an important and often materially significant piece.  What are your options? 

Interest rates

Blog - Investing

A Look into Today’s Interest Rates

 – Any discussion on interest rates must start with “inflation”. The definition of inflation is “too much money chasing too few goods”. Both sides of this equation have been in play over the last couple of years.

Blog - Investing

When Does the Bear End?

 – The big question in equity markets these days is, when will this bear market end? As we have pointed out previously, when the market turns it often includes a very fast run up.


How the RESP Helps with the Costs of Education

 – It’s that time of year again – the kids are going back to school. If your kids are old enough, a return to class could be an emotional experience, but also a significant financial burden. The costs of post-secondary education are high and rising at a rate that consistently out-paces inflation. 

Blog - Wealth Advisory

The Importance of a Well Laid Out Financial Plan

 – it is almost impossible to tell when we are truly at the bottom of a cycle. A well laid out financial plan will have developed a strategy to ensure your cash flow needs will be met without being forced to sell your investments at the wrong time.

Why did my OAS payment change?

Blog - Finance

Why Did My OAS Payment Change?

 – When planning to exit the workforce, top of mind for most is understanding their new income sources.  One source is Old Age Security (OAS), a monthly payment you can start to receive the month after you turn 65.

Past Webinar - Wealth Advisory

Market Outlook 2022: Are We Already in a Recession?

 – Welch Family Wealth Advisory invites you to join us for an informative discussion on the current market outlook on September 14 at 11:00am.

Initial proposal On April 19, 2021, the Federal Budget had proposed to permit the expensing of the full cost of “eligible property” acquired on or after the Budget Day, provided the property is available for use before January 1, 2024. The maximum is $1.5 million per taxation year, with this limit prorated for short taxation years. This deduction limit is shared among associated parties in the group. Any expenditures in excess of this threshold are subject to the regular capital cost allowance rules. Where does the proposal stand currently? On June 23, 2022, Bill C-19, Budget Implementation Act, 2022 No.1 received Royal Assent. The Bill implements certain proposals and tax measures introduced in the 2022 and 2021 federal Budgets. The Bill also contains the new capital cost allowance (CCA) immediate expensing rules for taxpayers. Who is affected by the CCA immediate expensing rules? The CCA immediate expensing rules apply to “eligible property” acquired by Canadian-controlled private corporations (CCPCs), Canadian-resident individuals and Canadian partnerships of which all the members are CCPCs or Canadian-resident individuals. What is “eligible property”? Eligible property for the purposes of the immediate expensing rules includes capital property that is subject to CCA rules, other than property included in CCA classes 1 to 6 (buildings), class 14.1 (goodwill and other intangibles), class 17 (paving, electrical generating equipment), class 47 (transmission or distribution of electrical energy equipment), class 49 (oil & gas pipelines) and class 51 (natural gas pipelines). These excluded asset classes are generally those that have long asset lives like buildings, fences, and goodwill. Further, the property must be designated as a “Designated Immediate Expensing Property” to take advantage of the immediate expensing incentive. The designation must be filed on or before the day that is 12 months after the taxpayer’s filing due date for the tax year to which the designation relates. How do the CCA expensing rules correlate with other provisions? In the event that the cost of eligible capital assets acquired exceeds the limit of $1.5 million during a tax year, the taxpayer can decide which assets to deduct in full and the remainder would be subject to normal CCA rules. Any other deductions already available, such as the full expensing for manufacturing and processing machinery would not reduce the maximum amount available of $1.5 million. Other implications and considerations The CCA immediate expensing rule does not apply to property acquired from a non-arm’s length person or which was transferred to the taxpayer on a tax-deferred rollover basis. Any existing rules that restrict the amount of CCA that may be claimed in certain circumstances such as leasing property rules, rental property rules, specified leasing property rules and specified energy property rules will continue to apply. Further in the case of CCPCs or a partnership where eligible property may have been acquired in a taxation year or fiscal year that ended prior to the Legislation date of April 28, 2022 (but after April 18, 2021) and the related return was already filed, an amended return may be filed to claim this deduction. To conclude there have been important updates to the capital cost allowance immediate expensing rules. These rules apply only to eligible property. Taxpayers may reach out to their trusted Welch LLP advisor to help work through the complex rules to clarify any questions or to discuss their current situation. Yogasai Panchumarti​ Senior Staff Accountant T: 613‑236‑9191 ext: 165


Capital Cost Allowance Immediate Expensing Rules

 – On April 19, 2021, the Federal Budget had proposed to permit the expensing of the full cost of “eligible property” acquired on or after the Budget Day, provided the property is available for use before January 1, 2024.

Past Webinar - Past Webinars

Market Outlook: What’s Ahead in 2022

 – Hosted by Welch Family Wealth Advisory’s Senior Advisor, Micheal Burch, FCPA, FCA, CFP, the Market Outlook: What’s Ahead in 2022, […]

Blog - Wealth Advisory

Outlook 2022

 – From what I am reading the big question is will global economic growth be sufficient to withstand the pending pivot […]

Are You Ready To Talk To A Specialist?

Get in touch, tell us your needs and we’ll assign an industry specialist to your organization.

Stay In The Loop

We’ll keep you up-to-date about content and trends that are relevant to you and your business.

Follow Us

Follow our social media accounts to get the latest news and opinions from our industry experts.

Find A Career

Join a team that wants to help you advance your career and achieve success, whether you’re still a student or an experienced professional. We will support you every step of the way on your path to success.