by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
The Canada Child Benefit (CCB) is a tax-free monthly payment provided by the Canada Revenue Agency (CRA) to eligible families, including pharmacists, to help cover the costs of raising children under 18 years of age. Introduced in 2016 to replace the previous child...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
In an effort to support and encourage Canadian entrepreneurs such as pharmacy owners, the federal government has announced a Canadian Entrepreneur Incentive (CEI) as part of Budget 2024 to provide financial support and resources to help aspiring entrepreneurs start...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
Accounting is a crucial aspect of the success of any pharmacy. Pharmacists need accurate financial information to make informed decisions and ensure the financial health of their store. Without proper accounting services, pharmacists may struggle to track expenses,...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
The Lifetime Capital Gains Exemption (LCGE) is a tax provision in Canada that allows individuals to avoid paying taxes on capital gains from the sale of a qualified small business. This exemption was introduced to encourage entrepreneurship and small business growth...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
Pharmacists and pharmacy owners have the potential to become high-income earners, which then provides them with unique opportunities for further wealth accumulation through investment. This allows them the potential for successful investment, although, due to the time...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
In the proposed Budget 2024, the federal government is amending the Income Tax Act, effective June 25, 2024. This amendment will raise the inclusion rate for capital gains. For corporations and trusts, the rate will increase from one-half to two-thirds. For...
