Subscribe to the TPC Financial Edge, for health and wealth news that matters.  At TPC Financial, we endeavour to provide the most comprehensive financial services for our clients. As rules and regulations change that may impact our clients, we strive to provide all necessary information to our clients in a fast and easy to understand way. We also make clients aware of other information that we feel would be beneficial for them personally, or for their corporation.

The TPC Financial Edge: Health and Wealth news that matters.

Below are the monthly newsletters that we have sent to all clients.

2021 Federal Budget

The 2021 federal budget was unveiled on Monday, April 19th. In the first federal budget delivered in two years, Chrystia Freeland, Canada’s finance minister, expects a deficit of $354.2 billion for 2020-21, and forecasts a further deficit of $154.7 billion for 2021-2022. Though there have been no changes to existing personal and corporate federal tax…

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BC Increased Employment Incentive & PST Credit

Increased Employment Incentive (IEI) The Increased Employment Incentive (IEI) was introduced as part of the BC provincial government’s StrongerBC: BC’s Economic Recovery Plan. This initiative allows eligible employers to apply for a one-time tax credit of 15% of the employer’s eligible remuneration for eligible employees in the qualifying period. For the purpose of this incentive,…

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BC Business Recovery Grant

Grants of $10,000 to $30,000 are available to small and medium-sized B.C. businesses impacted by COVID-19. The program runs until August 31, 2021, or until the funds are fully allocated, whichever comes first. The grant is a two-step process that includes an application by the business, and the creation of a recovery plan. Who is Eligible:…

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CERS & CEBA Enhancements

Canada Emergency Rent Subsidy (CERS) The 2020 Fall Economic Statement announced the Canada Emergency Rent Subsidy (CERS) which is an extension of the Canada Emergency Commercial Rent Assistance (CECRA) to assist small businesses affected by COVID-19 with rent and mortgage support. This program is available retroactively to September 27th, 2020 and will continue until June…

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Doctors of BC – CPRSP 2020

As part of the negotiated benefits through Doctors of BC, BC physicians have been able to claim matching RRSP contributions through the Contributory Professional Retirement Savings Plan (CPRSP). The CPRSP program calculates a basic benefit and length of service (LOS) benefit available to each physician. The basic benefit is calculated by using billings from the…

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