2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
Corporations And Directors Liabilities
2008-11-25
Directors of a corporation can be personally liable for certain debts should the corporation be bankrupt or be unable to pay the debts. These debts include: - certain employee wages - unpaid payroll remittances - unpaid GST Corporate income taxes owing to Canada Revenue Agency are not a personal liability of the director. There is an exception to this: - The directors transferred property to themselves at a time when the corporation owed corporate taxes (the transfer of property can include the payment of dividends). If the directors benefitted by receiving property or a dividend, they may be personally liable for the corporate income taxes. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
Latest Blog Posts
2025-08-05
How to budget when you’re unemployed
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
2025-08-04
How to Deal with Unexpected Medical Expenses
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
