News

  • December 1, 2020

    November 2020 Federal Fall Economic Statement

      On November 30, 2020, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered the Federal Government of Canada’s Fall Economic Statement to address the ongoing effects and the Government response to the COVID-19 pandemic. The Government reported the total estimated spending on direct support measures with respect to the COVID-19 Economic […]

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  • November 27, 2020

    New TFSA Contribution Limit in 2021

      The Tax-Free Savings Account (TFSA) contribution limit for 2021 is $6,000, remaining the same as 2019 and 2020.   If you have never contributed to a TFSA and have been eligible since its introduction in 2009, your cumulative contribution room will be $75,500 in 2021.   The annual TFSA contribution limit is indexed to […]

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  • November 12, 2020

    November 5: 2020 Ontario Budget Highlights

    On Thursday, November 5, 2020, Ontario Minister of Finance Rod Phillips released the province’s 2020 Budget. The budget builds on Ontario’s Action Plan: Responding to COVID-19, introduced on March 25, 2020 and includes significant investment in health care and support for families, workers and employers.   Not surprisingly, the COVID-19 pandemic has significantly impacted Ontario’s economy. […]

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  • October 19, 2020

    October 9: New and Expanded Federal Benefits for Businesses Announced

    As we are now in the second wave of COVID-19, the Federal Government has announced new and expanded support for businesses. This targeted support includes a new rent subsidy program, an extended Canada Emergency Wage Subsidy, and an expanded Canada Emergency Business Account program to provide additional funds to previously qualified businesses.    While announced on October 9, 2020, no […]

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  • October 2, 2020

    Mental Illness Awareness Week MAP Resources

      October 2, 2020   October 4-10, 2020 is Mental Illness Awareness Week in Canada. To help bring awareness to this important aspect of total wellbeing, our Members’ Assistance Program has launched a new microsite – Depression and the pandemic: a deep dive.   The microsite provides you with articles, infographics and a video to […]

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  • September 30, 2020

    TripleGuardTM Insurance: Second Wave FAQ and Resources

      September 30, 2020   Good afternoon,   I hope you are staying well. It’s been a few months since my last TripleGuardTM insurance update and I’m pleased to report that virtually all pandemic claims have been paid out, representing claim payments to over 6,500 dentists. I am so proud of the work our teams […]

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  • September 24, 2020

    Emergency Information for Post-Tropical Storm in Atlantic Canada

    September 23, 2020   If you have been impacted by the post-tropical storm Teddy in Atlantic Canada, CDSPI has information to help you access resources.   To Report an Office Insurance Claim: Call 1.800.561.9401 or email claims@cdspi.com. CDSPI Claim Support Centre is available during regular business hours, 8:30 to 4:30 EST.   CDSPI After Hours […]

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  • September 24, 2020

    September 23: Throne Speech Tax Alert

    September 23, 2020   New measures, including the extension of some government subsidy programs and other small business initiatives were announced at yesterday’s Throne Speech. Our accounting partner, MNP has provided highlights from the Speech.   The second session of the 43rd Parliament opened a new session with the traditional Throne Speech from Her Excellency Right […]

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  • September 16, 2020

    Podcast: Canada Emergency Wage Subsidy 2.0 – Highlights for Dentists

    The Federal Government recently announced significant changes to the Canada Emergency Wage Subsidy (CEWS) program which was passed into law on July 27, 2020. With the expertise of our accounting partner, MNP, we invite you to tune in to learn about the highlights of CEWS 2.0 and how it can benefit dentists.  

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  • July 29, 2020

    2019 Federal Tax Deadline

      The Federal Government has extended the payment due date for individual, corporation and trust income tax returns (including instalment payments) to September 30, 2020, from September 1, 2020, for the 2019 tax year. Penalties and interest (including late filing penalties) will not be charged if payments are made and the return is filed by […]

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